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Stephen Colucci

Stephen Colucci

Loan Officer
Movement Mortgage
NMLS ID # 1043850

Market Update

A56I8469

May 6, 2022

The Fed sets the tone as rates rise again

The Federal Reserve just made its most drastic move in two decades. The central bank increased the federal funds rate by a half a percentage point, moving the overnight lending rate to 0.75%-1%. The Fed also announced it will start to trim its...

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Stephen Colucci
Stephen Colucci
Loan Officer
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230 Sugartown Rd. Suite 205, Wayne, PA 19087
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NMLS # 1043850

State License #DE-MLO-1043850, FL-LO137136, NJ - licensed by the N.J. Department of Banking and Insurance, PA-66198, SC-BFI-MLO-1043850, VA-MLO-75251VA

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