iBankCoin
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Fed Survey Shows an Uptick for Demand in Auto and Mortgage Loans

 

“Banks in the U.S. reported stronger demand for auto loans and commercial and residential mortgages during the third quarter, according to a Federal Reserve survey.

The central bank described the share of banks reporting increased demand as “significant.” Demand for most other loan types was “about unchanged,” the Fed said today in Washington in its quarterly survey of senior loan officers.

The report provides further evidence that sales of cars and homes, bolstered by record-lowinterest rates from the central bank, are helping to fuel the U.S. economic recovery. The gains are helping to shield the world’s largest economy from a decline in exports and cooling business investment.”

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