Skip to main content. Skip to contact links. Skip to navigation. If you wish for the loan officer to reach out to you, click to skip to their contact form. If you have questions for this loan officer, click to call them. If you need loan servicing, click to call our loan servicing department at 855-979-1084 Skip to footer navigation.
}
Tina McCormick Headshot

Tina McCormick

Loan Officer
Movement Mortgage
NMLS ID # 357473
26736 US Highway 27, Suite 201, Lessburg, FL 34749
Dial Phone Number
p: (407) 544-3980
o: (571) 261-9461
Send E-mail to
e: tina.mccormick@movement.com

Sticky Inflation May Keep Rates Higher for Longer

By: Movement Team
May 3, 2024

This was a highly anticipated week for economic data, including the Federal Reserve meeting on Wednesday and the monthly employment release this morning. The Federal Reserve acknowledged that inflation is proving to be stickier than expected, and that rates may need to be held higher for longer.  They gave no indication that another hike is even being considered, though. The change in non-farm payrolls came in lower than expected this morning, which has been rare lately. The initial reaction has been lower yields. The economic data is lighter next week, although there are several treasury auctions throughout the week. 

Movement Mortgage "MM" red logo
Author: Movement Team

About Movement Mortgage, LLC (“Movement”)

Movement is not just a mortgage company – they’re an Impact Lender and force for positive change. With more than 4,000 teammates across all 50 states, they reinvest the majority of our profits back into the communities they serve. Movement is the 10th ranked top-producing residential mortgage company in the U.S., funding more than $20 billion in residential mortgages annually. The company has contributed nearly $400 million to the Movement Foundation since 2012, funding the Movement Schools network, affordable housing projects and global outreach efforts. For more information on Movement and Impact Lending, visit movement.com/impactreport .

RELATED

Tina McCormick Headshot
Tina McCormick
Loan Officer