The Federal Reserve cut its target interest rate Tuesday to historic lows between zero and a quarter percentage point and said it could expand a program of unorthodox lending and securities purchases.

"The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability," the Fed said in a statement. It added that it expected interest rates to remain "exceptionally" low for some time, a subtle commitment to the current policy that could help bring down longer-term interest rates.

If your current mortgage rate is 6% or above, don't miss this historic opportunity!

"Interest rates have fallen to all-time lows. In the face of the declining economy, the Fed has pulled out all the stops to help you with your mortgage by decreasing their target rate to nearly zero percent.

However, we have also seen that property values continue to be a challenge for many. For some, waiting too long could cost them the chance to move forward if their property fails to appraise. Would you like to discuss what opportunities might be available to you today?"

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