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Rick King

Rick King

Loan Officer
Movement Mortgage
NMLS ID # 121214
11255 Kirkland Way, Ste 110, Kirkland, WA 98033
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p: (425) 785-8511
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e: Rick.King@movement.com
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Movement Blog

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May 5, 2023

Fed’s latest hike pushes mortgage rates down

A 10th straight hike brought us to a 16-year high of the federal funds rate this past week as the Federal Open Market Committee approved a 25-basis point rate increase. Now, the overnight lending rate stands at 5.25%. The move was highly...

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Rick King
Rick King
Loan Officer
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11255 Kirkland Way, Ste 110, Kirkland, WA 98033
(opens in a new tab)
NMLS # 121214

State License #AZ-1017194, CA Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI121214, CO-100544560, ID-MLO-2080121214, MI-121214, NH, OR, WA-MLO-121214

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