US Consumer Borrowing Hits Highest On Record

US Consumer Borrowing Hits Highest On Record

TAKE THE POLL: CLICK HERE Outstanding credit card debt and other revolving debt increased $22.9 billion in December 2024, leading to a total credit debt rise to $40.8 billion, Federal Reserve data showed Friday (Feb 7). The figures reflect a “huge” jump in...
Mortgage Rates Hit Speedbump In 2025, Apparently

Mortgage Rates Hit Speedbump In 2025, Apparently

TAKE THE POLL: CLICK HERE A report published in early January claimed that mortgage rates are expected to stay elevated for at least the next two years. A 30-year-fixed mortgage rate is anticipated to stay between 6% and 6.5% throughout 2025 and into 2026, according...
Study Reveals Main Cause Of American Consumer Debt

Study Reveals Main Cause Of American Consumer Debt

TAKE THE POLL: CLICK HERE An Experian study published in early 2024 revealed that most of Americans’ consumer debt comes from mortgage and car payments. Will the same thing happen in 2025? Mortgage debt makes up two-thirds of all consumer debt, according to the...