The Fed has to cut rates now

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They should cut them by at least 1/2 a point. Let all this housing demand loose.

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My thoughts have been that if mortgage rates hit around 5% things will really take off. There is a pent up demand to sell as well as buy. Trading a 3.5% mortgage for a 5% mortgage would coax many to make the leap (e.g. relocate, upsize, downsize).

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100% accurate post.

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That way we can take on more debt.

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