The Home Front

President Donald Trump (above) By Don DeBat Will Chicago home buyers and families seeking to refinance ever see mortgage rates in the 5%-range again? Only a gypsy fortune teller’s crystal ball will tell. However, the honeymoon apparently is over between new Federal Reserve Board (FED) chairman Kevin Warsh and President Donald Trump. On Sept. 4th President Trump urged the central bank and chairman Warsh, to “get smart” and cut rates. So, with President Trump as the biggest cri

By Don DeBat There’s a new Fed Sheriff in town, and analysts say home buyers’ hopes and dreams for lower mortgage rates in 2026 likely will remain in interest-rate jail. In his first Federal Open Market Committee meeting on June 17th, President Donald Trump’s newly appointed Federal Reserve chairman Kevin Warsh made it clear there is a new game being played at the central bank. The Fed held the key federal-funds rate at a range of 3.50% to 3.75%. It was the fourth consecutive