It gives the Federal Reserve more leeway to cut rates. But I don't believe that a BOJ rate cut means that a Fed rate cut impends.

It gives the Federal Reserve more leeway to cut rates, ... But I don't believe that a BOJ rate cut means that a Fed rate cut impends.

The Fed's not finished. More rate hikes loom.

Adjustable-rate mortgages (ARMs) were more strongly affected by the latest Federal Reserve rate hike this week. However, mortgage rates continue to be extremely affordable and the outlook for the housing sector appears bright.

The Reserve Bank has said rates won't go up this year but are unlikely to go down and I think they'll maintain that position right through the fourth quarter.

Looking at the economy, there's been a lot of market chatter about the Federal Reserve cutting interest rates.