LEXINGTON, Ky. (WKYT) - In the wake of the Federal Reserve’s interest rate cut this week, mortgage rates continue to fall.

They’re at the lowest point in years, which means homebuyers may now want to re-enter the market.

“It certainly is a great indicator for better things to come for the market,” said KY Realtor Ann Elizabeth Delahanty.

For buyers who have sat on the sidelines waiting for the right time, it’s here.

Delahanty said even a small decrease in the interest rate can make a difference when it comes to debt-to-income ratios.

“Even if their mortgage payment would go down $50-$100 a month it would make the difference for them, so I see it as a step in the right direction,” said Delahanty.

This week, the Federal Home Loan Mortgage Corporation released new data that shows the 30

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