Diana Olick from CNBC wrote an interesting article about this. Here's the highlights: Diana made a couple statements in addition to these facts, one I agree with and one that is just false... 
Click the read more buttong to find out more about the impact of the fed rate cut on mortgages >>
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So what were the statements you agreed with and which one did you not and why?
Chris,
I do apologize if the post link was not clear.
The remainder is found at http://www.ednailor.com/2008/01/22/how-the-fed-rate-cut-affects-mortgages/
Thanks
Ed
It just seems to me that rate is not the problem. It is housing cost, personal income, fuel costs, etc. Rates seem to be historically low. I also wonder how they will ever get them back up?