Each month we feature a suburb of Portland, Oregon and present its housing market as a resource for your estate planning needs. For more information, check out our Portland Suburban Real Estate Market Report to see all the suburbs we've featured. For an overview of the Portland metropolitan area real estate market, check out our latest monthly report and 2024 Portland Real Estate Forecast. This month, we focus on the suburb of Happy Valley, located about 12 miles east of Downtown Portland in Clackamas County. Happy Valley's location gives residents easy access to beautiful natural areas around…
Author: Private Lending Agent
With the presidential election coming up this year, President Biden, like his predecessors, is calling for the Federal Reserve to cut interest rates, which would not only stimulate financial markets but also signal the Fed's confidence that it has won the battle against inflation. Unfortunately for Biden, the weaker-than-expected labor market report released today was not weak enough to give confidence that the Fed will begin cutting interest rates by November. Since the Fed's last rate hike in July 2023, Chairman Jerome Powell has remained consistent in his monetary policy message. The Fed will not begin cutting rates until it…
While this isn't good news for people in debt, it's a great time to have a savings account, says Ted Rothman, chief credit card analyst at Bankrate.”The biggest benefit is to savers,” Rothman says. “Even a fully liquid, federally insured savings account can earn you yields in excess of 5 percent. The best one-year term deposits are also over 5 percent.”After more than a decade of near-zero interest rates, savers are now being rewarded for putting their money in banks, and with rates remaining at multi-decade highs for longer, savers have an extended opportunity to take advantage of all that…
Share this story Copy link Link copied! Email Facebook LinkedIn twitter WhatsApp Reddit US Federal Reserve Chairman Jerome Powell speaks at the Federal Reserve Board meeting, Wednesday, May 1, 2024. (Graham Sloan/Sipa USA) (Sipa via AP Images) The Federal Reserve left interest rates unchanged at around 5.3%, but some economists expect rates to be cut, possibly later this year. But a return to the ultra-low interest rates of just above zero of the past decade is unlikely, says Robert Triest, an economist at Northeastern University. “My guess is that interest rates will be much lower than they were between the…
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For months, the Federal Reserve has predicted interest rate cuts that would provide much-needed relief to Americans burdened with expensive mortgages and credit card debt.But at a press conference this week, Fed Chairman Jerome Powell cast doubt on whether those cuts would come after all, saying the central bank needed to “gain more confidence” that inflation was trending toward acceptable levels.Experts told ABC News that the prospect of higher interest rates for a long period of time could exacerbate the economic pain already caused by rising borrowing costs, making loans more expensive even as consumers are still enduring higher prices.Americans…
By Joy Wiltermath The Federal Reserve's long-term high interest rates have hurt mall owners with maturing debt. Shopping mall giant Macerich is facing further defaults on maturing shopping mall loans, according to Barclays. Commercial property owners, reeling from falling building prices and the end of an era of low interest rates, are scrambling to sell assets to raise cash and return unwanted properties to lenders. The process appears to be intensifying as property owners are more willing to offload troubled assets after the Federal Reserve signaled that significant interest rate cuts this year are unlikely. As a result, Jackson Shay,…
NEW YORK (AP) — Mortgage rates, credit card rates, auto loan rates and adjustable-rate business loans are all likely to remain high, hurting consumer spending, after the Federal Reserve signaled Wednesday that it doesn't plan to cut interest rates until it has “more confidence” that consumer-level inflation is slowing to its 2% target.The central bank kept its policy rate unchanged at around 5.3%, the highest level in 20 years since August last year. Here's what you need to know:What does this mean for borrowers?Credit card interest rates are at or near record highs, and mortgage interest rates have more than…
One look at the promotion of Nunzio Laurenziello to CEO of Generali Real Estate SGR, which manages the insurer's real estate stock and bond fund investments, and you'd be forgiven for feeling a sense of déjà vu. After six years leading Generali's real estate debt platform (read more about him in our companion publication Real Estate Capital Europe ), Laurenziello succeeds long-time executive Alberto Agazzi, who now takes on the newly created Senior Real Estate role at parent company Generali Real Estate SPA. The decision to promote Laurenziello comes for similar reasons to the promotion of the head of real…
For months, the Federal Reserve has predicted interest rate cuts that would provide much-needed relief to Americans burdened with expensive mortgages and credit card debt.But at a press conference this week, Fed Chairman Jerome Powell cast doubt on whether those cuts would come through after all, saying the central bank needed to “gain more confidence” that inflation was trending toward acceptable levels.Experts told ABC News that the prospect of higher interest rates for a long period of time could exacerbate the economic pain already caused by rising borrowing costs, making loans more expensive even as consumers are still enduring higher…