LOUISVILLE, Ky. (WDRB) -- The Federal Reserve is expected to cut interest rates for the first time in three years soon, which should be great news to home buyers and anyone with high interest credit cards.
Another thing that is falling - mortgage rates. With the expected cut of the interest rates, they're expected to fall more. So is now the time to move?
Relators are starting to see buyers coming off the sidelines. Rates are down almost two points from their high a year ago.
If you like your current home, but are paying a higher interest rate, think about refinancing!
Sure, rates may drop another point by next year, but you can always refinance at that point, and that way you don't waste your money.
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