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Reply to "Will DC housing prices rise if/when Fed cuts rates in September?"
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[quote=Anonymous][quote=Anonymous]Prices are forecasted to rise this year and for the next few years. Waiting to buy means you will pay more for a house. Rate cuts are supposed to start in September which will most likely result in increased demand and higher prices. [/quote] Short term rates may not translate to drops in long term rates. They are connected but move independently. The Fed basically sets the short term rate, but has less control over long term rates.[/quote]
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