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Rising interest rates also did little to curb the booming housing market and its aforementioned secondary industries from expanding, possibly to proportions that cannot be sustained. So will another interest rate cut be enough to bring back the mortally wounded housing market back from the brink of death? The possibility exists, but it appears to be unlikely without some other mechanism for assisting the housing market. The Fed works like an opiate- it treats all symptoms by allowing a patient in a lot of pain to get much-needed rest, but does little do address an underlying specific cause. Most would agree that, despite the rise in interest rates over the past several years, the economy has been relatively robust. Yet the subprime mortage issue has gone unchecked for years, while millions of Americans who have bought into the classic dream of owning a home despair and the lender/broker machine goes on unchecked. abbey national personal loans federal student loan account business loans hawaii minority women jefferson loan