South Side Chicago Realtor

FOMC Meeting Minutes: Why Fed’s Rate Policy Reversed Course

Kurt Clements Real Estate Leave a Comment

by Kurt Clements What does the latest federal funds rate mean to would be buyers and sellers in the South Side of Chicago? After raising the target range for the federal funds rate in 2018, the Fed’s Federal Open Market Committee did not raise the Central Bank’s key interest rate at its meeting of January 29 and 30. While Committee members …

South Side Chicago Real Estate

What’s Ahead For Mortgage Rates This Week – February 26th, 2019

Kurt Clements Real Estate Leave a Comment

by Kurt Clements As a Realtor in the South Side of Chicago and South Suburbs of Chicago I know how important an adjustment of interest rates can be.  Last week’s economic news included readings on homebuilder confidence in housing market conditions, minutes of January’s Federal Open Market Committee meeting, and existing home sales reported by the National Association of Realtors®. Weekly …