Money is cheap and going to get cheaper. But property taxes are still sky high, and so is the general cost of goods so no...another interest rate adjustments isnt going to help...at least not me.
And what about general consumer credit rates? They all took about a 10% jump due to the new regulations, right?
So basically Barry is drilling holes in the bow and the Fed is bailing out the stern.
I know little about economics, Im just giving some insight into the decision making process in the Fast household, as we are very much in the market for a new home.