Will a interest rate cut help, hurt, or do nothing at all? (credit, mortgage)

[baystater]

So do you think at the FED reserve is going to cut or not cut. And even if they do cut 25 to 50 basis points will a cut help, hurt or do nothing at all for our economy?

I'm of the opinion that it will not be good for our economy in the long run. Because low interest rates are what has has led use to our current economic problems. And I don't trust that we will not make the same mistakes as we did before when credit was cheap.

Rate Cuts Will Make Inflation Problem Worse (Ahead of the Curve) | SmartMoney.com

Would Fed rate cut help? -- baltimoresun.com (http://www.baltimoresun.com/business/investing/bal-bz.fed15sep15,0,1200564.story - broken link)

[ColoWeb]

Originally Posted by baystater

I'm of the opinion that it will not be good for our economy in the long run. Because low interest rates are what has has led use to our current economic problems.

Yep! I agree with this. The only way this may work is if a large mortgage overhaul is done to allow people t o meet the needed requirements as if the rate was "normal".

[NewToCA]

I'm in favor of this specific interest rate cut being discussed for Tuesday. I agree that interest rates being too low becomes counterproductive, but I view that issue and the mortgage discussion as two separate entities.

The flaky mortgage packages with super low teaser rates is somewhat separated from the Federal Reserve policies.