Located in the northern-central part of Brooklyn, the Bedford-Stuyvesant (affectionately abbreviated as Bed-Stuy) neighborhood borders Williamsburg, Clinton Hill, and Bushwick. Bed-Stuy is a diverse spot with no shortage of iconic Brooklyn brownstones. A favorite for families, Bed-Stuy has seen a recent influx of young professionals and artists. The neighborhood is a community unto itself; churches and community centers are deeply ingrained in Bed-Stuy’s cultural fabric, and remain an important part of its’ residents day-to-day gatherings.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more