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Good. We need housing prices to fall across this country, and that's not going to happen if we keep pumping up the market with free money. I see no reason whatsoever to increase rates for the rest of this year, given the other economic indicators.
Why is it your responsibility to take care of an aging family member, OP? Seems like your move is only necessary if you allow others to treat like you a backstop.
What planet are you living on?
We had 8-9% official inflation during COVID, and it's down to 3%. The rate increases have been effective to the extent that they can, but corporations making record profits aren't going to drop prices unless consumers stop buying their goods. All the rate cuts in the world aren't going to make food less expensive when corporate greed is causing it.
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As opposed to the other scenario, where endless free money makes real estate unaffordable for anyone besides the rich?
I get that not decreasing rates will cause short-term damage, but at some point people who own homes are going to have to be brought back down to Earth in terms of pricing. If they're not, that creates the scenario you fear even more quickly than the status quo.