On Friday, the Kansas City Fed President Esther George said that the Federal Reserve must remain “patient” in waiting to see if the pace of price increases in the services sector are waning as the central bank attempts to bring inflation back to its 2% target rate. George added that labor shortages could be a hindrance in getting inflation down. What does this means for home buyers and sellers?
All posts tagged: Real Estate Market
Federal Reserve Rate Hike Pace in Past Year Unmatched Since the 1980’s
It’s well known that mortgage interest rates have been on the climb this year, but the speed of this increase has not occurred since the 1980’s, according to an article written by Jeff Ostrowski for BankRate.com In the article he states…