SGL Live on WGN 9 News – Impact of Interest Rate Increase

Interest rates are at the highest level they’ve been in 14 years. Steve Lewit, President of SGL Financial sat down with Ray Cortopassi of WGN 9 News to discuss what this means, how it is – or isn’t – impacting inflation, and what consumers should be doing going forward.

Here’s what Steve covered Live on WGN 9 News:

• This is the 3rd consecutive jumbo hike, are we seeing any effect on inflation?
• With mortgage rates impacted, what should people who are in the market to buy a house do? Should they buy now before rates go up again, or wait it out?
• Do you see interest rates going down any time soon?
• What is your advice for paying down loans?
• Do you have any advice for families trying to save money?