Smart Borrower Blog

Archive for December, 2017

Mortgage Interest Rates Hit 5-Month High

Dec 29th, 2017 @ 6:51 AM by Amber Nelson

The Trump tax bill and a rate hike from the Federal Reserve pushed long-term U.S. mortgage rates to their highest level since July, according to Freddie Mac, a sign that the economy is moving at a steady clip. “As we expected, mortgage rates felt the effect of last week’s surge in long-term interest rates in […]

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How the New Tax Bill Will Affect Student Loan Borrowers

Dec 20th, 2017 @ 2:52 PM by Amber Nelson

U.S. student loan borrowers will not see increased taxes under the new tax bill being sent to President Donald Trump, a breath of fresh air for those already under a heavy debt burden. “The Senate tax bill represents a significant improvement over the measure passed by the House,” said Ted Mitchell president of the American […]

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American Credit Card Debt Up 8% over 2016

Dec 16th, 2017 @ 11:42 PM by Amber Nelson

Even as the economy makes incremental strides forward, American credit card debt moves higher, with an 8% increase in 2017 over the previous year, according to a new survey. The 2017 NerdWallet household debt study  found that total U.S. credit card debt rose to $905 billion for this year, with an average balance of $15,654 […]

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Mortgage Rates Sink as Investors Wait for Market Action

Dec 6th, 2017 @ 3:00 PM by Amber Nelson

Long-term mortgage interest rates fell in the latest week, according to a survey from NerdWallet, a sign that investors are unsure about the direction of the economy. The average rate on 30-year fixed-rate mortgage fell to an APR of 4.03% during the week ended December 6, 2017, down from 4.09% the week before. That is […]

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