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Sumeeth Theruvath headshot

Sumeeth Theruvath

Branch Leader
Movement Mortgage
NMLS ID # 228019

Movement Blog

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June 7, 2024

July Rate Cut Off the Table as Job Market Surges

Today's unemployment report has effectively ruled out any possibility of a July rate cut by the Federal Reserve. Nonfarm payrolls increased by 272,000 in May, significantly surpassing the expected 180,000. Additionally, hourly earnings rose at...

Sumeeth Theruvath headshot
Sumeeth Theruvath
Branch Leader
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3701 Pender Dr, Ste 210, Fairfax, VA 22030
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NMLS # 228019

State License #DE-MLO-228019, DC-MLO228019, MD-228019, OH-MLO-OH.228019, VA-MLO-2528VA