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Rob Killinger Headshot

Rob Killinger

Senior Loan Officer
Movement Mortgage
NMLS ID # 113633

Market Update

Hart Senate Office Building

August 2, 2019

Fed’s rate cut countered by Trump

Additional tariffs on Chinese goods caused a rumble in the stock and bond market this week, just a day after the Federal Reserve announced a rate cut. Oil prices also took a tumble while long-term mortgage rates held steady. A breakdown of a busy week in this edition of Market Update.

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Rob Killinger Headshot
Rob Killinger
Senior Loan Officer
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99 Rosewood Dr, Ste 270, Danvers, MA 01923
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NMLS # 113633

State License #CA Department of Financial Protection & Innovation (DFPI) under the California Residential Mortgage Lending Act-DFPI113633, CT- LO-113633, FL-LO25751, IL-031.0041099, MA - MLO113633, MD-113633, ME, NH, NJ-licensed by the N.J. Department of Banking and Insurance, NY Licensed Mortgage Banker-NYS Department of Financial Services, PA-45699, RI, SC-BFI-MLO - 113633, TX-SML, VA -MLO-19958VA, VT-VT113633