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☆ From interest rates to home demand, here's how the housing market will unfold in 2024, according to LendingTree
▼ + stars: | 2024-01-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Here's what the real estate firm expects for the housing market over the next 12 months. AdvertisementSoftening lock-in effectIn the last two years, homeowners have been unwilling to sell their homes because of the lower mortgage rates they secured previously. AdvertisementNo housing market crashLow rates could spark some additional homebuying, but demand will ultimately stay muted and the market will "continue to move sluggishly," according to LendingTree. A separate November survey from LendingTree found that 41% of Americans at the time expected the housing market to crash in 2024. At the same time, LendingTree maintains that the housing market will stay "prohibitively expensive" for Americans, regardless of how rates move.

Persons: —, Jacob Channel, LendingTree Organizations: Service, Business, Federal

☆ We are going to see delinquencies continue to rise, says LendingTree's Matt Schulz
▼ + stars: | 2023-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are going to see delinquencies continue to rise, says LendingTree's Matt SchulzMatt Schulz, LendingTree chief credit analyst, and CNBC's Steve Liesman join 'The Exchange' to discuss the jump in delinquency rates from the second quarter, the health of the consumer, and more.

Persons: LendingTree's Matt Schulz Matt Schulz, LendingTree, Steve Liesman

☆ Only 13% of employees are comfortable sharing their salaries with co-workers—here's how to talk pay at work
▼ + stars: | 2023-10-12 | by ( Annie Probert | ) www.cnbc.com time to read: +1 min

But just 13% say they'd be willing to share their pay with co-workers, even if their co-workers would be the ones to benefit the most from salary transparency. Pay transparency has been gaining traction since 2020, and eight states and several cities now have laws that require employers to disclose salary ranges. Roughly 26.6% of the U.S. labor force lives in a state that requires employers to practice salary transparency, according to the National Women's Law Center. "It sounds prehistoric almost, because pay really influences how we live our lives." But discussing pay with co-workers can provide crucial information that employees can then use to negotiate salaries, especially when transparency is widespread throughout a company.

Persons: they'd, Scott Dobroski, Matt Schulz, LendingTree's, Schulz Organizations: National Women's Law

☆ People are 'increasingly tired' of 'guilt tipping,' expert says—but no one wants to feel 'like a jerk or cheapskate'
▼ + stars: | 2023-10-03 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

As touch screens and pre-selected options make tipping more convenient, around 60% of Americans say they're tipping more, according to a recent LendingTree survey. Guilt tipping, explainedNearly a quarter of people say they always feel pressured to tip when the option is presented, according to LendingTree's survey. "It's happening all over the place, and people are getting increasingly tired of it," he says. "People don't want to feel like a jerk or cheapskate," he says. It's worth noting that the business doesn't always decide which tip options you're presented with.

Persons: it's, Matt Schulz, LendingTree's, Schulz, doesn't, Dan Egan Organizations: CNBC

☆ 'House-rich' Americans are sitting on nearly $30 trillion in home equity. Here's how to tap it
▼ + stars: | 2023-09-07 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Thanks to skyrocketing housing prices, homeowners are now sitting on nearly $30 trillion in home equity, according to the St. Louis Federal Reserve — just shy of the 2022 peak. How to tap your home for cashFactor in the terms, rates and risksWhen it comes to borrowing against your home, the terms can vary greatly, according to a LendingTree report that analyzed more than 580,000 home equity loan offers across the country. The average home equity loan amount offered to homeowners is $104,102, LendingTree found. Access to HELOCs has improved, although the most preferable terms still go to borrowers with higher credit scores and lower debt-to-income ratios. "Though a home equity loan can be a good way to pay for big expenses, like major renovations, or to consolidate high-interest debt, getting one isn't without drawback," added Jacob Channel, LendingTree's senior economist.

Persons: Louis Federal Reserve —, LendingTree, Nicole Bachaud, Jacob, LendingTree's Organizations: Louis Federal Reserve Locations: Homes, Iowa, Maryland

☆ Affirm shares rocket 29% after better-than-expected results and strong guidance
▼ + stars: | 2023-08-25 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Affirm Holdings Inc. website home screen on a laptop computer in an arranged photograph taken in Little Falls, New Jersey. Here's how the company did:Loss per share: 69 cents vs. 85 cents as expected by analysts, according to Refinitiv. 69 cents vs. 85 cents as expected by analysts, according to Refinitiv. Revenue: $446 million vs. $406 million as expected by analysts, according to Refinitiv. Affirm also gave strong guidance for the fiscal first quarter, projecting $430 million to $455 million in revenue, versus analyst expectations of $430 million.

Persons: Michael Linford, LendingTree's Matt Schulz Organizations: Deutsche Bank Locations: Little Falls , New Jersey, Refinitiv

☆ Interest rates are forcing consumers to reconsider purchases, says LendingTree's Matt Schulz
▼ + stars: | 2023-08-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rates are forcing consumers to reconsider purchases, says LendingTree's Matt SchulzMatt Schulz, LendingTree chief credit analyst, joins 'The Exchange' to discuss the toll of inflation on consumer spending, sentiment data versus macro data, and how consumers can ask for lower interest rates on credit cards.

Persons: LendingTree's Matt Schulz Matt Schulz, LendingTree

☆ As credit card debt tops $1 trillion for the first time, 'a huge test' for cardholders is coming
▼ + stars: | 2023-08-08 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

watch nowCollectively, Americans now owe more than $1 trillion on credit cards. Total credit card debt rose nearly 5%, or roughly $45 billion, in the second quarter to a new high of $1.03 trillion, according to a new report on household debt from the Federal Reserve Bank of New York. "One trillion dollars in credit card debt is staggering," Schulz added. "Credit card balances saw brisk growth in the second quarter," Joelle Scally, regional economic principal in the New York Fed's research and statistics group, said in a statement. On the heels of another rate hike last month by the Federal Reserve, the average credit card rate is also more than 20% on average, another all-time high.

Persons: Matt Schulz, LendingTree's, Schulz Organizations: Federal Reserve Bank of New, New York Fed, Federal Reserve Locations: Federal Reserve Bank of New York, York

☆ 54 million Americans have been in credit card debt for at least a year. Here are the best payoff strategies
▼ + stars: | 2023-08-07 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

While balances are higher , more cardholders are also carrying debt from month to month, according to a new Bankrate report . On the heels of another rate hike by the Federal Reserve , the average credit card rate is now more than 20% on average, an all-time high , making it even harder to dig out of debt. Snag a 0% balance transfer credit card"My top tip is to sign up for a 0% balance transfer card," Rossman said. Cards offering 12, 15 or even 21 months with no interest on transferred balances are one of the best weapons Americans have in the battle against credit card debt, added Matt Schulz, LendingTree's chief credit analyst. To make the most of a balance transfer, aggressively pay down the balance during the introductory period.

Persons: Ted Rossman, Rossman, Matt Schulz, LendingTree's, Schulz, There's Organizations: Federal Reserve, CNBC, YouTube

The housing market is still surprisingly tight despite mortgage rates at 20-year highs. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyWhat the heck is going on in the housing market? "The housing market is weird right now," LendingTree's senior economist Jacob Channel told Insider. A surprise increase in new-home salesPerhaps the most surprising development in the housing market has come in the form of recent increases in new-home sales and housing starts. "But housing supply has decreased significantly, and that's also because it's become more costly to build and harder to get materials.

Persons: aren't, —, Jacob Channel, — they're, Nadia Evangelou, Evangelou, Ali Wolf, Wolf, that's, it's Organizations: Service, Federal Reserve, National Association of Realtors Locations: Zonda

☆ Cramer's Lightning Round: Stay away from Gilead Sciences
▼ + stars: | 2023-05-24 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon RB Global's year-to-date stock performance. Stock Chart Icon Stock chart icon Cloudflare's year-to-date stock performance. Stock Chart Icon Stock chart icon Mosaic's year-to-date stock performance. Stock Chart Icon Stock chart icon Gilead Sciences' year-to-date stock performance. Stock Chart Icon Stock chart icon Lendingtree's year-to-date stock performance.

Persons: Ritchie, Matthew Organizations: Global, of Hawaii's, Gilead Sciences

Women still earn 18% less than men, but a new report shows a rise in homeownership for single women. Fintech CEOs say that increased advocacy for women's rights contributed to the rise in single women's homeownership. See 30-year mortgage rates right now »Here are the top three states where single women own more homes than men:In Florida , 4.55% more single women than single men own homes, with a total of 854,297 single women homeowners in the state. In Maryland , 4.53% more single women own homes, with a total of 141,740 single women homeowners in the state. In Delaware, 4.5% more single women own homes, with a total of 28,551 single women homeowners in the state.

☆ Gen Z Investing in Real Estate, Buying Homes Early, Learning From Millennials' Mistakes
▼ + stars: | 2023-03-21 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Unlike millennials before them, Gen Zers have grown up during a boom in home prices. In a 2020 survey by Gen Z Planet, a research and advisory firm, 87% of Gen Z respondents said they wanted to own a home in the future, while just 63% of millennial respondents said the same. The survey suggested that 68% of Gen Zers viewed homeownership as a way to build wealth, compared with 60% of millennials. But the ranks of Gen Z homeowners will almost certainly grow in the coming years as they scale corporate ladders and amass savings. All this new technology and information is fueling the real-estate-mogul dreams of ambitious Gen Z investors.

☆ Millennials may be using credit cards as a “de facto emergency fund"—here's why they shouldn't
▼ + stars: | 2023-03-06 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

Millennials are the most likely generation to have more credit card debt than emergency savings, according to Bankrate's "2023 Annual Emergency Savings Report." This may mean that both of these groups are overly relying on credit cards, says Melinda Opperman, chief external affairs officer, at Credit.org. "When whole generations have more debt than emergency savings, that suggests they've been using credit cards as their emergency fund," she tells CNBC Make It. Many millennials and Gen Xers see their credit card as a "de facto emergency fund," Matt Schulz, chief credit analyst for LendingTree, tells CNBC Make It. As of February, the average credit card interest rate is 23.55% according to LendingTree's latest analysis.

☆ Getting your credit score above 800 isn't easy, but it's 'definitely attainable,' says analyst. Here's how to do it
▼ + stars: | 2023-01-19 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

watch nowGenerally speaking, the higher your credit score, the better off you are when it comes to getting a loan. A "good" score generally is above 670, a "very good" score is over 740 and anything above 800 is considered "exceptional." Earning an 800-plus credit score isn't easy, he said, but "it's definitely attainable." Why a high credit score is importantThe national average credit score sits at an all-time high of 716, according to a recent report from FICO. 4 key factors of an excellent credit score

☆ Credit card debt is getting more expensive—here are 3 steps to help pay it off quicker
▼ + stars: | 2022-12-21 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

It's getting more expensive to pay down credit card debt. "Credit card interest rates are as high as they've ever been," Matt Schulz, chief credit analyst at LendingTree, tells CNBC Make It. Since most credit cards have a variable interest rate, there's direct connection between the Fed's rate hikes and the interest rate you're charged on your credit card. A higher interest rate also means that your credit card debt will cost more to pay off, Schulz says. If you're feeling discouraged by credit card debt, here are three steps you can take now.

An excellent credit score allows you to borrow money at lower interest rates and provides other benefits. The five credit score categories for FICO and VantageScore are as follows:Credit score category FICO VantageScore Poor/Very Poor 300-579 300-499 Fair/Poor 580-669 500-600 Good/Fair 670-739 601-660 Very good/Good 740-799 661-780 Exceptional/Excellent 800-850 781-850While a low credit score will hinder your borrowing efforts, having an excellent credit score comes with a wide range of benefits and possibilities. LendingTree found that people with excellent credit scores keep a credit utilization rate of 5.7% on an average credit limit of $58,514 spread over an average of 7.9 accounts. Keep credit inquiries to a minimumWhen we apply for credit — whether it's for a new credit card, a mortgage, or an auto loan — and a lender issues a credit check, it will appear on our credit report and may influence our credit score. Though you don't necessarily need an excellent credit score, it can certainly help you lead an easier financial life.

With LendingTree, a comparison-shopping site for financial products, that process is a lot simpler. LendingTreeFrom there, you can apply for a variety of loans and products, including mortgages, vehicle loans, student loans, personal loans, insurance, and credit cards. I've been in the market for a new (to me) car, so I used LendingTree to compare auto loan offers. To help educate you about financial decisions, LendingTree has resources available to help you understand loan products. LendingTreeYou can use LendingTree to improve your credit scoreAfter years of working to improve my credit score, I'm finally in the 700s.

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