According To The Data

High-Rate CD Attrition May Be Signaling What’s to Come

With the Federal Reserve initiating the falling rate cycle in September with a decisive 50 bp rate decrease, the era of banks offering a high-rate 500bp+ CDs is quickly drawing to a close.

READ TIME: 1 MIN

November 5, 2024

According To The Data // Insights

The Fintech Winter Has Given Way to Emergent Growth

The year 2023 may be considered the fintech winter, when the list of failed start-ups lengthened as banks pulled out of BaaS, venture capital funding dried up and promising new markets such as buy-now pay-later (BNPL) saw consolidation across the board.

READ TIME: 1 MIN

October 15, 2024

According To The Data // Insights

Fed’s First Big Cut Means (Surprise!) a Big Gain for CDs

The Fed’s 50 bp salvo in September has marked the official start of the rate downcycle, and FIs across the industry have responded by pulling back rates on both their retail CD and savings products.

READ TIME: 1 MIN

October 10, 2024

According To The Data // Insights

Competition for Deposits Has Slowed Branch Closings, For Now

The FDIC’s Share of Deposits data released last week reveals that the decline of branches slowed to 1.4% for the year ending June 30, 2024, its lowest level over the past decade.

READ TIME: 1 MIN

October 8, 2024

According To The Data // Insights

Preempting Conforming Home Loan Limits Can Boost Year-End Volume

As the Federal Housing Finance Agency (FHFA) prepares to announce the 2025 conforming loan limits (CLL) in November, many forward-thinking lenders are raising their CLL preemptively

READ TIME: 1 MIN

October 3, 2024

According To The Data // Insights

Wealth Savings: A Cautionary Lesson From The Last Time Rates Fell

Hooray, the Fed is lowering rates, and anyone managing Wealth savings can breathe a sigh of relief, right? Not so fast. Let’s take a walk down memory lane to 2019. What happened then could be instructive.

READ TIME: 1 MIN

October 1, 2024

According To The Data // Insights

Falling Refi Rates Are Driving Demand and Elevated Application Pull-Through

As mortgage interest rates continue their welcomed descent, refinance applications have surged – up 83% month over month in August alone, according to Curinos’ LendersBenchmark Application Index.

READ TIME: 1 MIN

September 26, 2024

According To The Data // Insights

In Unsecured Lending, Speed Can Mean Higher Profits

A lender’s intuition might reason that borrowers with the highest credit scores will qualify for the industry’s lowest rates and will therefore be among the most price sensitive.

READ TIME: 1 MIN

September 24, 2024

According To The Data // Insights

Rates Are Falling, And CDs Are Already Leading The Way

Now that the Fed has weighed in with a half-point rate cut, many financial institutions are under even greater pressure to drop rates to boost sagging profit margins, and so far rates on CDs have led the charge.

READ TIME: 1 MIN

September 19, 2024

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