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Iamp;#39;m sorry I just donamp;#39;t have bad news about the housing market this week for all the Crashers out there that are really hoping for that Doom and Gloom story I got nothing for you this week weamp;#39;re going to talk about what happened last week in the economy the FED mortgage rates and I have an update for you on affordability as well as what is going on with those underwater mortgages that I talked about a few months back so letamp;#39;s get right into it you guys last week the FED met and uh it went as expected right so they talked about how inflation has eased substantially over the course of the year um and that they signaled that itamp;#39;s leaving the door open to start cutting rates in September so that was all good news and that was all to be expected and uh just a reminder why we care about what the FED does is because the markets react based on that and then mortgage rates react based on that so we need to pay attention to whatamp;#39;s going on with the