[sr4402]

Bush needs to rain in the Fed bank if housing dips too much.

[Ramcat]

"Bush needs to rain in the Fed bank if housing dips too much."

No financial expert here, but from what I understand we're experiencing a rate hike in short term rates but steady to falling long term rates.
This should insulate the housing industry at least for now?

[Southack]

Housing rates are more affected by the 10 year Treasury...which is down to around 4.15% or so.

That's still pretty low; you'll see common home mortgages at 10 Yr Treas + .5% (perhaps not the average rate, but still common)...so 4.65% should be doable right now.

...And home loans under 5% while our economy is growing (new home starts are at historical records) are good deals.

[AdamSelene235]

Bush needs to rain in the Fed bank if housing dips too much.

Fannie Mae is ticking bomb. When she blows, there's nothing Bush will be able to do about the damage to the housing market.

[RightWhale]

rain in the Fed bank if housing dips too much

It won't rain in the bank, but any dripping inside the house could be a sign that the roof is leaking.

[1LongTimeLurker]

Bush needs to rain in the Fed bank if housing dips too much.

I'd argue that the fed needs to remain as independent as possible from the executive branch, as it has been for the last couple of centuries or so.