Fed Lowers Rates but Home Buyers Face Tough Times Ahead
(Above) U.S. Federal Reserve Chair Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting at the Federal Reserve on December 10, 2025, in Washington, D.C. Photo by Sha Hanting/China News Service/VCG via AP. With the Fed’s recent rate cut to 3.5-3.75 percent, prospective home buyers in Chicago face a challenging housing market, as inflation and political turmoil inflate costs. Expect mortgage rates to remain above 6 percent into 2
Don DeBat
4 days ago
