AP – Consumer borrowing broke a record stretch of declines with a small increase in January as a boost in auto loans offset continued weakness in credit card borrowing.
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On 03.05.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
On 03.05.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – BORROWING UP: Consumer credit rose by $4.96 billion in January, breaking a record string of 11 consecutive declines.
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On 01.08.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – Americans borrowed less for a 10th consecutive month in November with total credit and borrowing on credit cards falling by the largest amounts on records going back nearly seven decades.
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On 01.06.10, In Personal Finance, By Your Mortgage Planner - Million DollarBill
Reuters – Demand for U.S. mortgages held last week near six-month lows as the highest long-term borrowing costs since August stifled refinancing, a Mortgage Bankers Association survey showed on Wednesday.
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On 12.07.09, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – Consumers likely borrowed less for a record ninth straight month in October as households faced tight credit conditions and unemployment that hit a 26-year high. A further decline in borrowing would be more evidence of weak consumer spending, making it harder for the economy to mount a sustained rebound.
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On 11.06.09, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – Consumers likely reduced their borrowing for an eighth straight month in September, as layoffs continue and credit remains tight. The declines in borrowing are expected to drag on the fledgling economic recovery.
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On 09.20.09, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – With the economy starting to rebound but still fragile, Federal Reserve policymakers this week are expected to keep emergency programs to encourage spending and borrowing intact. But to avoid unleashing inflation later on, they are likely to consider ways to rein in programs designed to keep mortgage rates down and get banks to lend more freely.
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On 09.20.09, In Personal Finance, By Your Mortgage Planner - Million DollarBill
AP – With the economy starting to rebound but still fragile, Federal Reserve policymakers this week are expected to keep emergency programs to encourage spending and borrowing intact. But to avoid unleashing inflation later on, they are likely to consider ways to rein in programs designed to keep mortgage rates down and get banks to lend more freely.
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