Debt with Older Americans Soars Over 500% – Part 2

The growth in the debt for seniors represents a precarious situation for older Americans. More seniors risk running short of money in retirement due to their increased likelihood of holding debt, according to a 2018 report published by the Employee Benefit Research...

Stocks Drop Tracking with Bond Yield

The drop in the stock market has triggered another drop affecting the bond market. This is the very first time that the bond yield fell below 1%, hitting a record low for both the 30-year fixed and the 10-year U.S. Treasury bond. According to Mortgage News Daily,...

Mortgage Rates Drive Refinance Apps Up 26%

The falling interest rate caused by a combination of the coronavirus and the Fed’s decision to cut the interest rate appears to have a positive effect upon the number of refinance applications. According to the Mortgage Bankers Association, the 26% increase in...