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Stephanie Parker-Smith

Stephanie Parker-Smith

Senior Mortgage Loan Officer
Movement Mortgage
NMLS ID # 1745979
510 NW Broad St., Southern Pines, NC 28387
Dial Phone Number
p: (910) 527-3333
f: (910) 218-0802
Send E-mail to
e: stephanieparkersmith@movement.com

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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Stephanie Parker-Smith
Stephanie Parker-Smith
Senior Mortgage Loan Officer
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510 NW Broad St., Southern Pines, NC 28387
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NMLS # 1745979

State License #NC-I-181161