Smart Borrower Blog

Archive for December, 2018

Home Price Appreciation Stalls for Third Month

Dec 26th, 2018 @ 10:43 PM by Amber Nelson

While home prices continue to rise compared with last year, they are slowing in their gains, according to the latest Case-Shiller Home Price Index produced by S&P Dow Jones Indices and CoreLogic, a result of mortgage rates and home prices outpacing growth and income. U.S. home prices rose 5.5% in October over the previous year, […]

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Student Loan Debt Sets New Record High

Dec 20th, 2018 @ 10:44 PM by Amber Nelson

U.S. student loan debt has reached a new all-time high and shows no sign of backing down, according to data from Bloomberg. Total outstanding student loans grew to $1.465 trillion in November, the highest level on record and more than twice the amount of student loan debt that existed in June 2009 at the official […]

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Credit Card Companies Tighten Up on Qualifications

Dec 12th, 2018 @ 10:25 PM by Amber Nelson

U.S. consumers are having a harder time getting the credit they want, according to a recent report from the Federal Reserve Bank of New York, perhaps a sign that lenders are nervous about rising delinquency rates. The Fed’s “Credit Access Survey” found that credit card issuers rejected 20.8% of applications in October 2018, up 14.4% […]

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Small Business Lending Posts Double-Digit Growth

Dec 5th, 2018 @ 10:27 PM by Amber Nelson

U.S. small businesses borrowed much more in October, according to a new report from PayNet, growing by double-digits from September, a sign of increased investor confidence. The Thomson Reuters/PayNet Small Business Lending Index – a measure of total small business loan originations, rose 11% to a seasonally adjusted level of 148.2, up from 133.1 in September. […]

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