BrokerageIndustry News

Fed remains steady on rates, industry calms down

Increases may still be on the way
Published on May 4, 2004

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

While Wall Street waited today for The Federal Reserve to make a move–or as it turned out to not make a move–on interest rates, the real estate industry also took note. The Fed's Open Market Committee decided today to keep its target for the federal funds rate at 1 percent.

John Kary, a Realtor for RE/MAX 440 in Skippack, Pa., said he typically tracks the Fed to stay in tune with the market.

"Traditionally, I have always been attentive to the Fed's moves since it affects my opinion as to how to market a home," Kary said ...

Comments