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Originally Posted by Aces4

I fail to understand why the Fed should cut interest rates since they are really where they should be or maybe a percent or two higher. When did "free money" to buy anything you want become the norm? And please don't tell me 1-3% doesn't equate to free money. It's price of homes that needs to adjust and drop accordingly.

I agree, why cut rates at all? They won’t till the fall or even at all this year. The new norm is setting in and prices have to be driven down in homes. Those who bought in 2020 or 2021, Merry Christmas if you borrowed at 2.5%. Those days are long gone now. Nobody is going to pay those loans off early. Interest rates need to stay in the 7-10% range.