The Federal Reserve said they may lower rates at their next meeting to aid borrowers that are going through subprime woes. The George Bush, speaking at the White House, had similar comments that they might intervene. Both said it is not their job to bail out “speculators” and others that played the market but government… Continue reading Should Government Aid Borrowers?

For the first time since June 2003, the Federal Reserve cut the key interest rate tied to home mortgages by .5%. Too little too late? Not the Fed’s business? The cure? It sounds like we can expect at least one more rate cut by the end of the year.

The Portland real estate market is a part of the Federal Reserve’s 12th District.  The Federal Reserve “Beige Book” on the current state of the economy was released on January 13th (it’s 59 pages).  There is a national summary and comentary for each district for various segments of the economy.