For most Americans, our home is our greatest asset. At the same time, our mortgage is apt to be our biggest liability. Reconciling those two seemingly contradictory pieces of information is not always an easy thing to do… and was…
Household Debt $1 Trillion Above Previous Peak
Household debt rose $124 billion in the first quarter 2019! That marks the 19th consecutive quarter with an increase and brings the total to $13.7 trillion. That’s according to a quarterly report published by the Federal Reserve Bank of New…
An Often Overlooked Subset of Community Banks
A study released last month by the FDIC regarding the “Structure, Performance, and Social Impact” of Minority Depository Institutions (MDIs) included some interesting information, but left some out as well. An MDI can be either a) at least 51% owned…
Knowing the Difference Between APR and APY can Save Thousands $
Have you ever wondered why we list the annual percentage yield (APY) on our consumer CD rate page, but we list the annual percentage rate (APR) on our corporate CD rate page, Jumbo Rate News? Perhaps not. Perhaps you never…
Revitalizing Communities Across the USA
When thinking about patriotism, what comes to mind immediately, are the brave men and women of our armed forces and their families. And rightly so. Their devotion to this country and selfless commitment to defend us, its citizens, no matter…