January 11

LSCI's Loan Decisioning Boot Camp - Online

January 12

LSCI's Credit Card Strategy Workshop - Online

January 24

WI CUL State Government Affairs Conference - Madison, WI

January 24

LSCI's Branch Manager Workshop - Online

January 30-31

TN CUL Annual Legislative & Regulatory Forum - Nashville, TN

Auto-Loan Interest Rates Are Skyrocketing. No One Told Credit Unions.

Credit unions have been offering some of the lowest rates on auto loans, and by a wide margin. According to Experian, the average interest rate charged in the third quarter for a used car was 5.94% for credit unions while banks offered 8.36%. Credit unions tend to keep loans on their balance sheets instead of pooling them into bonds that are then sold to their investors, giving them flexibility to veer away from the rest of the market. They also hold 28% of the auto-finance market, a bigger share than an other type of lender.

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wsj.com

Here's What 2023 Holds for Home Sales, Mortgage Rates & Rents, According to NAR; Plus the Top 10 Real Estate Markets to Watch

Lawrence Yun, the NAR's chief economist and senior vice president of research, predicts home sales will decline by 6.8% compared to 2022 and prices will remain stable. Additional predictions include:

• rent prices to rise 5%;
• foreclosure rates to remain at historically low levels;
• US GDP to grow by 1.3% (about half of the historical pace of 2.5%); and
• 30-year fixed mortgage rates to settle at 5.7% (down from 7% in late 2022).

The top real estate markets to watch include the following (read full article for full top 10 list):

• Atlanta-Sandy Springs-Marietta, GA
• Raleigh, NC
• Dallas-Fort Worth-Arlington, TX
• Fayetteville-Springdale-Rogers, AR-MO
• Greenville-Anderson-Mauldin, SC

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cutoday.com