I don’t necesarily think dropping the rates will help that much because people aren’t making more money, they are just saving a little. If you are buying a house or a car it might help you a LITTLE but not enough to take people that were not in the market and get them out shopping. We have 0% on some vehicles right now and that doesn’t seem to have started a flood so i don’t think this will make a drastic difference. Besides, if it does make a difference all thats happening is future business is being robbed and we are going to have the same problem again in 6 months to a year. Those people who planned on spending money will have already spent it and won’t be out shopping.
They’ll lower it .5 to 1 point, nothing more.