Since this website is focused on the housing market in Phoenix, we'll stay focused on what fed rate cuts means to us here in Phoenix. In short...it doesn't have any immediate impact on the market - houses aren't going to start flying off the shelves...so if you have your home up for sale, don't expect a slew of offers just yet :-).

Rate cuts are anticipated by lenders and therefore interest rates are normally adjusted prior to this...what does matter are the comments made by the fed that may or may not indicate further cuts - which may have an impact on rates (lower or higher).