Credit unions and other mortgage lenders faced an economic pinch in 2013 as rising interest rates began to squash demand for refinanced mortgage loans while demand for purchase money loans still struggled to grow.
Fed Open Market Committee could raise that possibility if rates move down again in December.
NCUA Chief Economist said rates have impacted mortgage loan volume and investment values.
"Be ever vigilant," CUNA Mutual Economist Dave Colby says of potential economic shudders ahead.
Savings rates also up despite low interest payback, league says.
Some things to consider before filling in all the blanks, like maybe new UBIT tax, interchange rate and interest rate impact on the bottom line.
This week, I received the same dreaded email that you did, or soon will: it’s time to work on the 2014 budget.
Credit unions offer better savings rates than community banks, according to GoBankingRates.com.
The NCUA on Thursday released its May economic update on the agency’s official YouTube channel.
More dealership alliances, better marketing, lower rates or a combination of all three?