In an unprecedented effort to breathe life into the mortgage & housing markets, the Federal Reserve on Tuesday chopped down the range for the Fed Funds to 0% to 0.25% – the lowest rate in the Federal Reserve’s nearly 100 year history. This should trigger a drop in consumer interest rates for home equity lines of credit, credit cards, and car loans. While mortgage rates won’t directly benefit from this rate change, the historic low rates help provide more money for banks…which will eventually translate to more money for home loans for home buyers in Connecticut and across the country.

There is still money out there for home loans! Let The Burns Real Estate Group help you discover available programs for your next home in Connecticut - give us a call at 860.429.2853.