Today is Saturday morning and Leslie and I are back from my Tenant in Common Association (TICA) conference in San Diego. With the bombshell announcement by the Fed on Wednesday, I was curious to see how fast interest rates would soften, so this morning I checked a mortgage rate sheet we get daily and was pleasantly surprised to see that rates have softened by about 1/4%. Not too shabby! It would appear the Fed’s decision is starting to have its intended impact on the mortgage market.