The (Mortgage Refinancing) Party is Over
With a 1.5% increase in short-term interest rates in a three month period, the mortgage refinancing party is effectively over. Yet, total household debt (including mortgage loans) increased by $266 billion in the first quarter 2022. Balances, now at $15.84…
Banks Prepare for Economic Downturn
Coral Gables, Florida, June 22, 2022: BauerFinancial, Inc., the nation’s premier Bank and Credit Union rating firm, reports that net income at our nation’s banks dropped over 22% from a year ago. This, as banks find the need to bulk…
All New Credit Union Data Now Available
The Federal Reserve boosted short-term interest rates by three-quarters of a percent on Wednesday. That completes the removal of the 1.5% easing of credit (March 2020) intended to “stimulate” the economy during the Covid-19 shutdown. The target Fed Funds rate…