Experts warn against long-term auto loan trend
What's more, consumers are trying to keep monthly payments affordable by stretching out the payments. Seventy-one percent of new-vehicle loans were for longer than five years and nearly 30 percent were longer than six years. In addition, 29 percent of …
Read more on The Detroit News
Existing Home Sales Rise; Subprime Auto Loan Delinquencies Jump
Existing home sales rose unexpectedly in January to a 5.47 million annual rate, a six-month high, according to the National Association of Realtors. The upbeat news comes as Home Depot (HD) said its same-store sales surged 8.9% in the fourth quarter …
Read more on Investor’s Business Daily