U.S. consumer prices increased by 0.4% in March, prompting speculation that the Federal Reserve may delay planned interest rate cuts or even increase rates. This persistent inflation, combined with a robust job market, suggests a cautious monetary policy approach, potentially affecting mortgage rates and the housing market dynamics.

SuperMoney made it to the 2024 Financial Times list of Fastest Growing Companies in America. We ranked #126 with an absolute growth rate of 380% between 2019 and 2022 and a compound annual growth rate of 68.7%.

If you’re banking on a housing market crash to scoop up your dream home, it’s time to rethink your strategy. Despite high mortgage rates, they remain below the long-run average. The current dynamics of supply and demand do not support a significant price drop. With forced selling unlikely and new construction unable to bridge the gap quickly, potential homebuyers may need to adjust their expectations.

The Federal Reserve Bank of New York has unveiled its much-anticipated Q4 2023 Report on Household Debt and Credit, offering a critical analysis of the nation’s economic landscape. Contrary to the alarmist rhetoric permeating social media platforms, the report reveals a reassuring reality: the United States is not teetering on the brink of a financial crisis. Let’s delve into the key findings and implications outlined in the report.

Innovative Fintech Company Hits New Milestone in Providing Consumers Expanded Finance Options

There is little doubt rapid innovation is occurring in the financial technology space. While a paradigm shift in financial services was already well underway, the COVID-19 pandemic is likely to exacerbate that shift. My role as CEO at SuperMoney has provided me with some insight into how things are evolving in the fintech space. Below are some of my predictions for the future of fintech.

Personal loan balances are growing at a fast rate. According to TransUnion data, unsecured personal loan balances reached a record high of $156 billion in 2019. It’s not just the loan amounts that are growing. The number of unsecured personal loans has grown from 16.9 million in 2016 to 22.5 million in 2019.

In the last two weeks, we have seen the two worst single-day drops in the history of the Dow Jones Industrial Average (DJIA). However, on Wednesday, the Dow also saw its best day since 1933, with a 13% rise. Did the stock market already hit bottom? Unlikely.

Best Egg to Integrate with SuperMoney’s Personal Loan Pre-qualification Platform