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Andre Chevalier profile image

Andrew Chevalier

Market Leader
Movement Mortgage
NMLS ID # 30180
2121 N Southport Ave, Chicago, IL 60614
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p: (313) 598-3280
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e: andrew.chevalier@movement.com
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Market Update

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May 5, 2023

Fed’s latest hike pushes mortgage rates down

A 10th straight hike brought us to a 16-year high of the federal funds rate this past week as the Federal Open Market Committee approved a 25-basis point rate increase. Now, the overnight lending rate stands at 5.25%. The move was highly...

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Andre Chevalier profile image
Andrew Chevalier
Market Leader
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2121 N Southport Ave, Chicago, IL 60614
(opens in a new tab)
NMLS # 30180

State License #FL-LO127868, GA-30180, IN-64425, IL-031.0082544, MI-30180, PA-105743, TN-30180, VA-MLO-68799VA, WI-30180

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