Best guess.Rate manipulation is going to favor low rates for a while to see if in conjunction with other methods it can put a floor on housing and do damage control. If it doesn’t work,causes unintended and unwanted consequences, or its effect is deemed sufficient, we will see movement again. This may be lower depending, I guess. The stated target was 4.5%. I don’t see a reason why rates should be assumed to be going much lower yet.If I had to bet today with the info available, I would bet not much lower.Someone else might be able to speak better as to how low they could possibly go and why.That would be interesting.
