re: Do experts on the money board agree with what the feds did today?

quote:

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What matters for most people is the monthly payment at the end of the day, and you can lower than significantly with lower rates. But if you bring them down too quickly then you'll cause even more inflated prices, because like you correctly stated the market is overpriced, but lower income housing isn't really that overpriced if we have decent rates.

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From looking at various data (housing sales moving back up, median price plateauing, etc), there seems to be a growing assimilation among potential buyers at accepting current rates as the new norm. If this is true, any cut in rates will send the real estate prices rocketing to the moon.