KSHB 41 reporter Abby Dodge covers consumer issues, personal budgeting and everyday spending. Share your story idea with Abby .
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For the first time in four years, the Federal Reserve cut interest rates by 0.5%.
The national key interest rate now stands between 4.75-5%.
“They are all thinking about it,” Jackie O’Connor-Stahl, a Kansas City-area realtor, said about the buyers she is currently working with. “They are all putting it into perspective.”
KSHB 41 News staffO’Connor-Stahl said mortgage lenders started lowering interest rates in the last few weeks in anticipation of the Federal Reserve’s decision.
She is looking forward to more buyers and sellers joining the Kansas City market after Wednesday’s announcement.
KSHB 41 News staff“I am hopeful for sure,” she said. “With just the indication of them maybe reducing the rates, things start to hustle and bustle with loan companies and sellers and that’s what we want.”