The Fed may decrease the Funds Rate by 25 or 50 basis points next week on September 18, but will it be enough or is it too late?  As a result of the anticipated cut, mortgage interest rates declined.  This cut has been much anticipated.
The Fed may cut rates because of the recent weak job reports, unstable financial markets and overall cooling of the economy. 
This last week, the Mortgage Bankers Association reported more applications for residential real estate loans, over the last 30 days.