Will this rate cut be enough?

You may already have heard from Fed Chairman Ben Bernanke that the Fed today cut the Federal Funds Rate and the Discount Rate. While they made the move in order to stimulate growth in the economy and prevent further deterioration in the financial markets, there is concern from Wall Street as to whether the 25 basis point cut was enough. Apparently, the Street was expecting more as we saw the market drop today.

The more and more I read, I wonder whether the Fed reacted soon enough (we had not seen cuts for four years until late and now they are back to back) and whether another cut is in store to boost economic activity and limit any potential recession.

Will this rate cut be enough to stimulate activity?

Clearly, home buyers and those looking to refinance need to understand that the wrong approach would be trying to time the market. Too many variables play a role (oil prices, unemployment rates) that sitting on the sidelines can cost you more long term. Remember, the saying, "It's not timing the market. It's time IN the market".