Five Reasons I Didn’t Post on the Fed’s Rate Cut
1. Everybody else wrote on it. You can find knowledgeable commentaries here, here, here and here. OK, that last one may be a bit over my head.
2. The federal funds rate is a short-term economic tool that the Federal Reserve uses to manipulate the money supply. The cut is intended to spur the economy on a macro level. It’s effects on the local real estate market are all indirect at best.
3. It’s boring. C’mon, this is a boring post.
4. The best plain-english article that I’ve read on what the action means to mortgage rates has already been written at CNBC.com. I could have plagiarized it, but that seemed like a lot of work at the time.
5. Maximizing the sale or purchase of your home has little to do with what the Fed Chairman says or does. Those market forces are all beyond our control. So let’s worry about the things we CAN control - marketing, merchandising and pricing strategies. Now those are topics I could talk about…
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