Archive for February, 2019
Serious Auto Loan Delinquencies Reach All-Time High
Feb 14th, 2019 @ 1:29 PM by Amber NelsonMore Americans are seriously delinquent on their car payments than ever before, according to new data from the Federal Reserve Bank of New York, a troubling sign amid a growing economy. Almost 7 million U.S. consumers are now behind on their auto loans by 90 days or more, the highest figure in the 19-year history […]
more »- Posted in Auto Loans, Student Borrowing
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Mortgage Applications Fall Despite Interest Rate Drop
Feb 6th, 2019 @ 10:43 AM by Amber NelsonMortgage application volume fell for the third consecutive week, even as interest rates took a dive, according to the Mortgage Bankers Association. The MBA’s seasonally adjusted index saw mortgage application requests fall by 2.5% in the latest week and almost 10% from the previous year. Most of that decrease came from a 5% drop in […]
more »- Posted in Federal Loans, Mortgage Rates, Mortgages
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