With interest rates at unprecedented lows, it is increasingly more likely that borrowing costs will be lowered even further on mortgages. This serves as a small silver lining amongst the economic uncertainty Americans are now facing during these tumultuous and ever-changing times.
The Federal Reserve has recently lowered borrowing costs to near zero in a move to counteract the economic shocks from the COVID-19 pandemic. Also unfolding, the 10-year Treasury yield, a key benchmark that influences borrowing costs on houses and auto loans, took a nosedive to historic lows.
Mortgages: Buyers and Refinancers
Mortgage rates have dropped to historical lows as bond yields have fallen, which is a move that could help first-time homebuyers and those who already own, and are looking torefinance. When Treasury yields fall, banks will charge lower interest rates for mortgages. The Federal Reserve announced that it would be cutting its benchmark federal funds rate by 1% to a range of 0% to 0.25%, alongside other measures meant to stimulate the economy.
If you’re considering selling your home in the next few months, contact a neighborhood expert: One of the real estate pros at Brookside Real Estate Company. Call today at (816) 333-3330. Or, stop by our offices in the heart of the Brookside at 9 W. 63rd Street.
culinary hit from the start, so we were super excited to welcome Red Door Grill’s second location here to the heart of Brookside! Locally owned and operated, Red Door Grill is committed to community and they show that by the locally sourced ingredients they prepare their delicious meals with and the local providers they partner with. Red Door offers a great environment for most any occasion and considers themselves “an upscale neighborhood joint.” Definitely another reason to love Brookside!
essential and beloved part of the Brookside community since 1941 – and The (New) Dime is no exception – a store where you can still find just about anything you need just when you need it most. Stop in for something you need – and fall in love with something else you just can’t do without! Always worth making a special stop,come take a peek into a charming part of the past and we guarantee you’ll find an essential part of your future trips to the Brookside shops for many years to come! 
“The Brookside community is the perfect spot for those seeking an older home near some of the best local spots Kansas City
to maximize your credit score.
Declutter – One important thing that’s missing from most every well-staged house we view is clutter! While knickknacks and other personal memorabilia are sentimental and make your space personal, unfortunately they don’t help sell your home. A well respected Pro Tip is to get a head start packing to move by packing away items that you don’t need. Remember, a clean, tidy and uncluttered living space is critical to getting the most interest and the best offers for your home.
