The fed can't realistically let house prices fall too far. If they do, a lot of loans would only be partially secured. That would have far-reaching implicatio

The fed can't realistically let house prices fall too far. If they do, a lot of loans would only be partially secured. That would have far-reaching implications, and could potentially leave a lot of people homeless and the banks holding a bag of bad loans. It would also wipe out a lot of people's savings. I think interest rates will stabilize in the near future. I don't think they can continue to go up without demolishing the economy.