Average Credit Card Rate at 14.91% for 4th Week
The average interest rate on new credit card offers remained the same for the fourth straight week at 14.91 percent, according to CreditCards.com.
This is the 11th time this year that credit card interest rates ...
Bernanke: Mortgage Standards ‘Limiting’ Creditworthy Borrowers
Residential mortgage lending remains tight, with some standards limiting or preventing access to loans for low-risk borrowers with good credit, Federal Reserve Chairman Ben Bernanke said today.
Residential mortgages ...
Democrats Seek Overdraft Protections Beyond Debit Cards
House Democrats have introduced a bill to crack down on overdraft fee abuse by banks beyond the current “opt-in” protection for debit card transactions.
The Overdraft Protection Act requires consumer consent ...
Refinance ‘Cash-Out’ Volume at 17-Year Low: Freddie Mac
The net dollars of home equity converted to cash as part of a refinance is at the lowest level in nearly 17 years, according to Freddie Mac’s first quarter 2012 report on “cash-out” data.
“Cash-out” ...
Home Purchase Affordability Vs. Renting at 1990s Level
When home prices hit bottom as projected later this year, they will be 35 percent lower than their peak level in the first quarter of 2006, according to a new analysis of the housing market by Fiserv, Inc.
But already ...
U.S. Consumer Credit Soars 10% in March, Most Since 2001
Propelled mostly by auto and student loans, U.S. consumer credit soared 10 percent, or $21.4 billion, in March, the largest monthly jump since November 2001, according to figures released today by the Federal Reserve.
The ...
MasterCard: Mobile Payment Systems Spread Globally
The United States – along with Singapore, Canada, Kenya and South Korea – are the most prepared markets for all forms of mobile payments, according to a new index from MasterCard Worldwide.
MasterCard’s analysis ...
HAMP 3 Years Later: 43% Stay with Obama’s Mortgage Mods
Through March 2012, the Obama Administration’s primary foreclosure prevention campaign has 794,748 borrowers paying a median of $535 less in mortgage payments - but that represents 43 percent of those who ...
Average Credit Card Rate at 14.91% for 3rd Week
The average annual percentage rate (APR) on new credit card offers remained unchanged at 14.91 percent this week, the 10th time this year that rates have not moved, according to creditcards.com
This is also the ...
FICO Scores: More Consumers in Top Range, 800-850
The percentage of U.S. consumers with FICO Scores between 800-850, the top range for credit worthiness, has reached a post-recession high not seen since October 2008, according to FICO Labs researchers.
However, ...
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