If fed takes foot off the pedal then economy likely tanks; if they don't then rates go up, eventually. I agree with you, but what I stated could be a problem down the road fo a lot of things including housing.
Quote from Bob111:
it might depend on your goals and financial situation,but i can repeat this one more time-don't fight the fed.
on other hand..maybe fed is trying to boost price and then-this would justify reap off by local gvt on property taxes.