Author: Diditan Financial

Household Debt To Hit New High This Year

Household debt climbed to $12.58 trillion by the end of 2016, nearly breaking 2008’s record high, the article stated. In fact, if it continues at this rate, household debt could break the high of $12.68 trillion sometime in 2017.

Household Debt To Hit New Record In 2017

Household debt to hit new record in 2017

Household debt climbed to $12.58 trillion by the end of 2016, nearly breaking 2008’s record high, the article stated. In fact, if it continues at this rate, household debt could break the high of $12.68 trillion sometime in 2017… Read more at Housingwire.com

The Federal Reserve Bank of New York reported last week that US household debt reached a new all-time high in the 1Q of this year. The new report also included some troubling internal metrics, not only on the overall household debt levels but also with regard to the level of delinquencies. I’ll give you the details below.

Household Debt Hits New Record High

Household Debt Hits New Record High, Stocks Stumble

The New York Fed reported that US household debt and credit hit a new all-time high in the 1Q, despite the fact that the economy continues to recover (albeit slowly), the unemployment rate continues to fall and business investment has increased. The Fed reported that household debt climbed to a record $12.73 trillion at the end of the 1Q, up $149 billion from the 4Q of last year. Gains in mortgage debt, auto debt and student loan debt were all cited as reasons for the… Read more at Valuewalk.com

U.S. Household Debt: A New, Alarming Milestone

U.S. debt is on the rise and could reach a milestone level sometime in 2017. Student debt has risen for 18 consecutive years, and subprime loans are a growing worry in another sector… Watch here

The following article Household Debt To Hit New High This Year was first published to www.DiditanFinancial.com

Most Consumers Predict Rise of Mortgage Rates In 2017

The average consumer is predicting that there will be much higher mortagage rates in 2017, but this does not keep them from buying a new home. Higher rental rates are making the relative cost of owning a new home lower each day.

Mortgage-Rates-2017

3-In-5 Consumers Now Predict Higher Mortgage Rates In 2017

Most recent National Housing Survey, 60 percent of consumers think the era of rates in the 3s is firmly in the past. The survey, which covers 1,000 households, measures changing consumer attitudes toward mortgages and housing nationwide.Attitudes have shifted surprisingly since a few months ago. In October 2016, “only” half of… Read more at The Mortgage Reports

Economists forecasts that mortgage rates will continue to go up in 2017, just one of the trends that suggest that this year will be a challenging year for people who will be purchasing homes.

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Higher mortgage rates seen in 2017

Smoke predicts mortgage rates will reach 4.5 percent in 2017. Other economists expect rates to remain above 4 percent but not to go beyond 5 percent this year. That range would mean mortgage rates that would be low compared with the past decade. Average long-term mortgage rates were above 6 percent during the height of the last housing boom, and they hadn’t hit 5 percent before 2008. So someone looking to buy a home in the… Read more at Business Mirror

HOW THE FED’s INTEREST RATE INCREASE CAN AFFECT YOU 2017

Because the rate has been close to zero since 2008, as part of the Fed’s strategy to bring the nation out of a recession, there’s hardly anywhere for it to go but up. As the economy improves and President-elect Donald J. Trump unveils his stimulus package, economists expect rates to rise steadily over a period of years… Watch here

The blog post Most Consumers Predict Rise of Mortgage Rates In 2017 is available on Diditan Financial

Home Depot Beats Other Retail Segments At $22B

Home Depot proved there is definitely still demand for home improvement. The company announced on Tuesday that its revenue climbed 5.8% to $22.2 billion in the fourth quarter, beating earnings estimates. The largest home-improvement retailer is benefiting from a yearslong rebound in housing prices that has made homeowners more willing to spend on their properties because they see them as a sound investment.

Home Depot Beats Earnings Estimates

Home Depot beats earnings estimates as revenue surges to $22B

Home Depot recorded a strong fourth quarter in 2016, thanks to homeowners continuing to value spending money on their properties, according to an article in Bloomberg by Matthew Townsend. The home improvement store’s profits increased to $1.44 a share last quarter… Read more at Housingwire.com

Home Depot said it plans to funnel more cash back to shareholders. The board boosted the company’s quarterly dividend 29 percent to 89 cents a share. The company increased its targeted dividend-payout ratio to 55 percent of net earnings, up from 50 percent.

Home Depot Profit Tops Estimates As Fix-Up Spending Marches On

Home Depot Profit Tops Estimates As Fix-up Spending Marches On

The largest home-improvement retailer is benefiting from a yearslong rebound in housing prices that has made homeowners more willing to spend on their properties because they see them as a sound investment. That’s helped Home Depot avoid the malaise that has spread across much of retail, where… Read more at SentinelSource.com

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Profit increased to $1.44 a share last quarter, the Atlanta-based company said Tuesday. That topped analysts’ estimates and came along with strong sales and a plan to return more cash to shareholders… Watch here

The following article Home Depot Beats Other Retail Segments At $22B is available on Diditan Financial