Mortgage Rates
21 - June 2017
Mortgage Rates Remain Near 7-Month Lows
Posted by : ProMedica FCU
View : 533
Mortgage rates touched seven-month lows early this month, and stayed there last week. According to Bankrate.com’s weekly national survey, the benchmark 30-year fixed mortgage rate inched lower last week, moving from 4.04 percent down to 4.02 percent. The larger jumbo 30-year fixed nosed up to 4.00 percent, and the average 15-year fixed mortgage rate settled […]
Car Prices
14 - June 2017
Car Prices: Something Funny Is Going On
Posted by : ProMedica FCU
View : 509
People are paying way too much for new vehicles these days, with average transaction way out of whack with average household incomes. According to Kelley Blue Book, the estimated average transaction price (ATP) for light vehicles in the United States was $33,261 in May 2017. According to the government, the median household income in the U.S. was $56,000 in […]
Identity Theft
02 - June 2017
Consumers, be wary: Identity theft is on the rise
Posted by : ProMedica FCU
View : 477
If you’ve been a victim of identity theft, you’re not alone. Thirty-three percent of Ohioans reported that they’d been victimized by fraud and/or identity theft in a year-end 2016 survey conducted by the Ohio Credit Union League. More could have suffered at the hands of fraudsters without knowing it yet. In 2015, Ohio had the […]
Teen Driver
26 - May 2017
Breaking News: Parents and Teens Disagree on Auto Ownership
Posted by : ProMedica FCU
View : 455
Here’s a finding that will surprise nobody: 76% of teens say they’re ready for a car, while 85% of parents disagree. This comes from independent research conducted for Junior Achievement & American Honda Finance Corporation. The discord may lie in the fact that 86 percent of teens feel that parents should help them with automobile expenses […]
Travel
09 - May 2017
Travel Smarter and Save Bigger this Summer Vacation
Posted by : ProMedica FCU
View : 498
Spring flowers are in full bloom, which can only indicate one thing: summer is nearly upon us. For many, that means it’s time for a well-deserved vacation with family and friends. In a year-end 2016 survey conducted by the Ohio Credit Union League, an overwhelming majority of respondents, 71 percent, are planning to get some […]
Debt
02 - May 2017
Drowning In Debt
Posted by : ProMedica FCU
View : 460
Nearly three quarters of Americans are struggling with debt and the burden is significant in terms of both size and duration, according to a new study from insurer Northwestern Mutual. The company found that, among Americans with debt, 4 in 10 (45%) spend up to half of their monthly income on debt repayment. Nearly half of […]