Yippee for the Fed. Have you in the last few days had any of your clients whether they are buying or selling mention or ask you how far the interest rates are going to drop and how soon with the most recent Federal rate cut?  Thank you Fed.  If you have. have you noticed that all of these folks are now wanting to stall any decision in buying or selling.  Personally I find this to be rather hazardous to several folks that are coming up on the increase for their A.R.M. loans. Almost all of my sellers that were moving forward in the re-finance dept. so we will have enough time to sell their home before they lose it are now sitting idle.  Am I correct in thinking that most of this rate cut is not directed at the housing market at all.  That it is more so directed to credit-card lenders to boost the consumer confidence so all of the retail stores can have a great holiday season.  Look I know that we are seeing minimal help in the rate dept. from any sources, although I have seen a drop in the last three- four weeks I do not believe that allowing your clients to sit idle waiting for a few hundred dollar break when they are in jeopardy of losing their home. That's my thoughts!!!! Does anyone out there have any advice on where I can do the research to help give my clients the right perspective when speculating federal rate cuts while at the same time approaching certain credit Doom??? A lot of these folks are getting their news from the Internet. Can you direct me to a good site that I can show them the truth And not just what they want to hear.

I believe as Realtors It is our job to inform all of our clients that the rate cut is not some miracle from above. That if they have urgency they should continue to move forward and not risk what they do have for speculation!!!

 I will say this though the open house traffic has picked up since talk of a rate cut!!! GOTTA GIVE THE FED SOME CUDOS>

Any thoughts or advice are always welcome!!!

Kevin Scott Usher