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With interest rates at historic lows, many people are refinancing, if they qualify. The federal government is offering the Home Affordable Refinance Program, known as HARP. It's a program designed to help keep people in their homes. But it's only for those people who have Fannie Mae or Freedie Mac loans. Lance Vansooy with Bank of the Cascades says currently the program will refinance those homes that are underwater, by a small amount. But the government is looking at expanding the program. “Be aware that even if you've been told you don't qualify for the program, you’re too far underwater, that will change. Stay in touch and we'll see if we can accommodate your need for a lower interest rate and lower payment.” The program is expected to loosen up the restrictions after March of 2012. Currently interest rates are at historic lows: around 4%.

 

 

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Traffic & Weather

 

 

 

King Solomon Lane closed between Ferguson Road and King David. (7/25)

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 

R.A.B. Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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