September 2018 - PMA Network

Posted on September 21, 2018 In Credit Quarterly

September 2018: Banking Industry And Credit Markets News

Recent News

Household Borrowing Hits Record High As Costs Climb

Despite rising interest rates, total U.S. household debt climbed to a record $13.3 trillion in the second quarter of 2018.

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by May Fathallah

Posted on September 19, 2018 In Market Updates

Market Update: September 2018

INVESTMENT ADVISORY SERVICES: FEATURED MARKET DATA

Rising Costs Impacting Home Sales
Rising home prices and higher mortgage rates appear to be impacting home sales nationally. According to a national home price index, home prices have increased by over 6.3% in the past year. Meanwhile, the US 30-year fixed mortgage rate has increased from about 4.0% a year ago to over 4.6% in August 2018.

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by Laura Fox

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