When the FED speaks, we listen!

So the Fed has cut rates numerous times in the last few months...but has the economy improved at all?  Well, patience is a virtue.  The Federal Reserve chairman, Ben Bernanke, is optimistically looking up in regards to the economic outlook for year's end.   If that view changes, he has made comments that the Fed will not hesitate to cut rates again in order to help the economy improve by year's end. 
We are seeing good news in certain areas and cities around the US, where home prices have gone up.  You will see this in a number of towns in our local area.  One of the biggest boosts to the economy will be the higher limits on FHA loans, which will help immensely for first-time home buyers. 
It looks like we are moving in the right direction, but just how quickly?  We will see...