Smart Borrower Blog

Archive for October, 2015

Low Interest Rates Will Help Car Sales to 2017 Peak

Historically low interest rates and plentiful credit are helping push U.S. auto sales higher, according to experts at IHS Automotive, and sales could reach a peak in 2017 before economic factors begin to pull them back. U.S. car sales look to hit an adjusted annual sales pace of 18.1 million in October, according to IHS Automotive. […]

U.S. Consumers Credit Delinquencies Fell in 2nd Quarter

Building on a three-year trend, consumers did even better at managing their credit during the 2015 second quarter, according the American Bankers Association. The ABA composite ratio, a measure of delinquencies (payments late by 30 or more days) in eight closed-end installment loan categories, declined to 1.36 percent, down 17 basis points from 1.53 percent […]

Top 10 Places to Start a Small Business

When it comes to starting a business, it looks like it does matter WHERE you set down your entrepreneurial roots. A new report from NerdWallet.com ranked all 50 states in order of where entrepreneurs are most likely to obtain small business loans and see growth. Utah was at the top of the list and West Virginia […]

All-Cash Sales on the Rise in U.S.Housing Market

More people are paying for their homes with cash today, rather than a mortgage loan, than they were a decade ago, according to new data from housing data firm RealtyTrac. During 2014 and 2015 all-cash home purchases jumped to 33 percent of all home sales (as of May 2015), a 65 percent increase from a […]