Smart Borrower Blog

Archive for December, 2016

U.S. Small Businesses 2016 Sales Growth Falls But Profit Margins Rise

Dec 28th, 2016 @ 1:38 PM by Amber Nelson

American small businesses had a pretty good year, with profit margins growing compared with 2015, notwithstanding the annual sales growth rate dropped from the same period, according to financial information firm Sageworks. Small businesses – those with less than $10 million in annual revenues – saw an average of 7.3 percent growth in sales in […]

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Alaska Tops List of 2016 Heaviest Credit Card Debt Loads

Dec 22nd, 2016 @ 1:32 PM by Amber Nelson

The rankings are out for the U.S. states that carried the heaviest credit card debt in 2016, and Alaska is at the top while North Dakota is at the bottom, according to “The variability between the best and the worst state is high” when it comes to handling debt, said John Pelletier, director of […]

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Federal Reserve Raises Rate, Predicts More 2017 Increases

Dec 14th, 2016 @ 9:04 PM by Amber Nelson

The Federal Reserve raised its target federal funds rate today for only the second time in the past decade, a sign of their confidence in the U.S. economy. The Federal Open Market Committee raised its rate to the range of 0.5 percent to 0.75 percent, up from 0.25 percent to 0.5 percent. The Committee had […]

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Mortgage Rates Push Applications Down Again

Dec 7th, 2016 @ 1:14 PM by Amber Nelson

As mortgage interest rates continue to climb, applications for home loans fell again in the latest week, pushed lower by a drop in refinancing, according to the Mortgage Bankers Association. The MBA’s Market Composite Index declined 0.7 percent in the week ended Dec. 2. The Refinance Index fell 1 percent from the week before, a […]

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