Smart Borrower Blog

Archive for April, 2018

Mortgage Rates Soar to 4-Year High

Apr 25th, 2018 @ 3:08 PM by Amber Nelson

Long-term U.S. mortgage interest rates jumped up to the highest level in four years last week, according to data from mortgage guarantor Freddie Mac, being spurred upward by optimistic economic comments by Federal Reserve Officials. “Treasury yields rose ahead of the release of the Fed’s Beige Book and speeches from New York Fed President William Dudley […]

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Small Business Borrowing Climbs for 5th Straight Month

Apr 18th, 2018 @ 5:00 PM by Amber Nelson

U.S. small businesses took out more loans in February, according to data from small business information provider PayNet, a sign of greater confidence in the economy even as loan delinquencies rose slightly. The Thomson Reuters/PayNet Small Business Lending Index jumped to 144.8 in February, up 1.0% from January and 12% from the previous years. It […]

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4th Quarter Consumer Delinquencies Fell to Record Levels

Apr 11th, 2018 @ 7:44 PM by Amber Nelson

Delinquency rates across a broad-range of loan categories decreased in the 2017 fourth quarter, according to the American Bankers Association, a sign that the growing economy is helping consumers stay on top of their debt. The ABA’s Consumer Credit Delinquency Bulletin showed that delinquencies – loans that are more than 30 days past due – in […]

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Mortgage Rates Fall for 3rd Straight Week

Apr 5th, 2018 @ 1:48 PM by Amber Nelson

A week of market concern about international trade led long-term mortgage interest rates to fall again, according to data from finance company Freddie Mac. The Freddie Mac Primary Mortgage Market Survey showed that the average interest rate on a 30-year fixed rate mortgage (FRM) during the week ended April 5, 2018 was 4.40% with an […]

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