Economy

April 18, 2017

Younger Homeowners Opt for HELOCs

As interest rates increase, hovering higher than rates last year, buyers have little incentive to refinance their mortgages.  But as refis drop, a whole new loan […]
April 17, 2017

Student Loan Debt May Have Adverse Long-Term Impact

Rising student loan debt in the United States could ultimately hurt overall home ownership and consumer spending and erode colleges’ and universities’ ability to elevate lower-income students.  New […]
April 13, 2017

Consumer Optimism Surges in March

Consumers continued growing more optimistic in March, however much of the increasing sentiment is due to changed evaluative criteria, according to the Survey of Consumers conducted […]
April 12, 2017

Banks Rethink Credit Scores as Changes Take Effect

Come July, TransUnion, Experian and Equifax will no longer include information about tax liens and civil judgments on a consumer’s record if the data doesn’t include […]
April 11, 2017

Home Equity Loans on the Rise

Mortgage lenders, along with borrowers, are starting to welcome home equity lines of credit back into the market after the loan product began to disappear in […]
April 10, 2017

Auto Loan Defaults Not Likely to Cause Next Bubble

An increase in the delinquency of risky auto loans probably won’t send the U.S. economy into the doldrums the way the mortgage loan crisis did in […]
April 7, 2017

What to Buy in April

It’s officially spring, and retailers are preparing for warm weather and hotter sales. In April consumers will find deals on everything from travel to jewelry, as […]
April 6, 2017

Bank Card and Mortgage Defaults Tick Upward

Data from the recent S&P/Experian Consumer Credit Default Indices report shows the composite rate up two basis points from last month at 0.94% in February. The […]
April 5, 2017

Tappable Equity Hits 10-Year High

An annual home price appreciation of 5.5% during 2016 helped to increase the number of mortgage holders with tappable equity to 39.5 million, according to new […]