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Will the Fed cut January 29/30 FOMC meeting?

By Mike Frazier

Real Estate Broker/Owner with Carousel Realty of Dyer County Tn 248435000

January 28, 2008 03:42 AM

I was talking to my banker about refinancing one of my rental houses last Thursday and I asked him for the new rate and he said he hasn't dropped the banks rate yet. I asked him why and he said his analysts are saying the Federal Reserve will cut again this week.

After seeing the dramatic cut a few days ago, I think my banker will be correct. In my opinion, we can expect a 1/4 point cut this week. What do you think the Fed will do or should do?

This should help the housing market a lot more than the stimulus proposed by the president and congress!

What do you think? Should the Fed cut?

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Karel Rogers

Real Estate Staging Unlimited - Reno, NV

You think so...there is a lot going on right now ..it's a wait and see

Jan 28, 2008 03:49 AM

Rick Tourgee

Robert Paul Properties, Inc. - Provincetown, MA

Provincetown and Cape Cod

The markets are betting the Fed will cut another 1/2 point due to the new home sales figures being much lower than expected- lowest since they have been tracking the numbers.

But, I do wonder since they cut so much last week, will they hold pat to see if the 3/4 point cut does anything, and wait until their next meeting??

Jan 28, 2008 03:57 AM

Broker Nick

South Florida Real Estate & Development, Inc. - Coconut Creek, FL

Broker Nick Relocation Broker Service

The Feds have to still keep cutting rates to stimulate the populus into buying frenzy. The banks are slow to trickle down the rate cuts to the consumer. I wonder about that sometimes.

Jan 28, 2008 07:17 AM

Ted Baker

Carmody and Associates LLC - Winter Haven, FL

MidFloridaMediation.com

I agree - I expect another 25 basis points reduction in the fed funds rate at the upcoming meeting

Jan 28, 2008 07:30 AM

Charlottesville Solutions

Charlottesville Solutions - Charlottesville, VA

Will they cut, yes (IMO) but you know the Fed never calls and asks for my opinion! lol

Jan 28, 2008 10:59 PM

Joey Remondino

RE/MAX Preferred Properties - Vienna, VA

Broker, GRI, E-Pro

I think they will cut but I believe it will not create the desired result in the short term and cause more challenges in the long term.

Jan 28, 2008 11:04 PM

Matthew Rosov

Amerisave Mortgage Corporation - Laurel, MD

Certified Mortgage Planning Specialist

I hope they don't. It takes 6 months for a rate cut to be felt through the economy. They already cut it when they didn't need to.

Probably for that reason alone - they will. :-(

Jan 28, 2008 11:13 PM

Don Draughn - Mortgage Professional

High Point, NC

Who knows. The rate cut last week did give a reduction in most banks rates but it was short lived. The rates drifted back up.

Jan 29, 2008 12:09 AM

Mike Frazier

Carousel Realty of Dyer County - Dyersburg, TN

Northwest Tennessee Realtor

We should know in the next hour or so!

Jan 30, 2008 04:44 AM

Will the Fed cut January 29/30 FOMC meeting?

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