How lower interest rates impact home buyers, sellers in Connecticut

Oleynick addressed several key topics, including whether the Federal Reserve's rate cut has a direct influence on mortgage rates, the effects of the recent mortgage rate drop from 7% to 5%, the advisability of refinancing, and how the upcoming election, just 42 days away, may influence home prices.

News 12 Staff

Sep 25, 2024, 11:37 AM

Updated 9 hr ago

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Realtor Christine Finch Oleynick joined News 12 in studio this morning to discuss the Federal Reserve's interest rate cuts and what that means for home buyers and sellers in Connecticut.
Oleynick addressed several key topics, including whether the Federal Reserve's rate cut has a direct influence on mortgage rates, the effects of the recent mortgage rate drop from 7% to 5%, the advisability of refinancing, and how the upcoming election, just 42 days away, may influence home prices.