We are saving more and spending less these days

Consumer spending accounts for more than two-thirds of economic activity in the United States. Lately, that spending has moderated. 

Across the 12 months ending in March, personal spending advanced 3.4 percent. 

That matched the gain seen in 2015.

 

• Is a 3.4 percent annualized gain in personal spending adequate? Not in historical terms. During 2014, consumer spending accelerated 4.2 percent. 

The average monthly gain... Read More

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Faster loan payoff a benefit of refinancing your home
By Scott Sheldon

Refinancing can shave years off your loan and help you pay off your home faster. 

There are several things to consider when refinancing. When you refinance your home, your loan amount can be whatever... Read More

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