With the Federal Reserve cutting interest rates, you may be wondering how this will impact you and your finances. Well, we spoke with local experts to get you those answers.

The Fed lowered its benchmark rate from 4.25% to around 4% the first cut since late last year.

While the reduction may seem modest, real estate professionals are already anticipating significant market changes.

Sharon Aubuchon, a realtor with Remax Premier, said the timing could be crucial for both buyers and sellers.

"We don't think they're going to drop crazy low. We think it'll be low sixes, but we could be wrong," Aubuchon said. "But again, if it does, it's going to be a bidding war frenzy. So if you're thinking about selling, jump on that train and run with it, but if you're buying, it's not a train ride you w

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