Search for Record Low Mortgage Rates Helping S. Fla Economy on Bing

Record low mortgage rates are giving a burst of energy to the sluggish South Florida economy with new homebuyers spending money on furniture, appliances and remodeling jobs while refinancing homeowners have extra money in their pockets with their lower monthly payments, economists said.

BING NEWS:
  • People are forking out a record $2,800 a month on average just to cover their mortgage payments
    Related stories Rising rates are largely responsible for the sharp increase in mortgage payments. The average 30-year-fixed mortgage rate spiked to a five-month high of 7.4% this week, per ...
    04/19/2024 - 12:58 am | View Link
  • ECB holds rates at record highs, signals upcoming cut
    FRANKFURT, April 11 (Reuters) - The European Central Bank kept interest rates at record highs on Thursday but sent an even clearer signal that it may be preparing to cut them as euro zone ...
    04/11/2024 - 4:15 am | View Link
  • Credit card delinquency rates hit worst level since 2012 in new Fed data
    The rise in credit card usage and debt is particularly concerning because interest rates are astronomically high right now. The average credit card annual percentage rate, or APR, has been holding ...
    04/11/2024 - 3:50 am | View Link
  • Credit-Card Delinquency Rates Were Worst on Record in Fed Study
    US credit-card delinquency rates were the highest on record in the fourth quarter, according to a Federal Reserve Bank of Philadelphia report. Almost 3.5% of card balances were at least 30 days ...
    04/10/2024 - 8:14 am | View Link
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