Of course we're all speculating here, but seeing that we are, I might as well throw my guess in as well. I think the Fed won't help housing. I believe they understand it is an asset bubble that needs to have the air let out, and it is too far underway to change the speed in which the air is being let out. I think it's a grin and bear it situation.
serious question. a rate cut or a series of them does stimulate the economy by providing cheaper money. But, by all reports there is tons of money out there looking for a home. And a rate cut might not have the effect or lowering the 10 yr or 30 yr yield. A rate cut might have an effect on two year arms and the like. But to have an impact on housing it would have to be a couple points along with a easing of restrictions on subprime lending.