I can’t tell you how many calls I get from exited buyers when Ben Bernanke and his crew cut the Fed Rate. Fed Rates tie to home equity lines of credit, credit cards, and car loans and do not directly impact mortgage rates.

Do you think the rate cuts have a physiological effect on the housing market?

Tags: Ben Bernake, Federal rates, Home equity lines of credit, Housing market, mortgage rates
Posted on Monday, March 17th, 2008 at 10:00 am. Follow responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.