Good points all, does anyone here think the fed will lower rates soon, and if so, will it be good or bad for the housing market?
IN other words if what he is saying is true, by lowering the fed funds rate, it will drop the dollars value, and thus the treasury bond return to foreigners will be less, causing a rise in bond yields(drop in price), which in turn directly affect the 30yr mortgage rates(higher). Is this true?
