The Fed cut rates again on Wednesday. Great news if you're trying to buy a house, right? Maybe. In The New York Times today, I wrote about why lower rates might not do much to help the housing market. Three main reasons: 1. It's still hard to get a mortgage, especially if you have imperfect credit: Lending standards are tight, not just compared to the bubble years (a good thing!) but also compared to the more normal period that preceded it. 2. It's hard to find an affordable home: Prices have risen much faster than wages in many cities, and inventories are low, especially for starter homes. 3. Rates are already low: Mortgage rates are already near record lows, so it's unlikely many people are sitting on the sidelines waiting for a cut. And if they were, bad news: The Fed's cut might not actually lead to lower mortgage rates. It could even raise them, at least temporarily. To learn why, and for more on who's winning and losing in this housing market, read my story in today's Times. #housing #interestrates #personalfinance #mortgage …see more