All Posts Tagged: prime mortgage

U.S. Outlook: Bank lending makes a comeback

Scott Anderson
Chief Economist

With great happiness I can say that the latest signs show banks are becoming more eager to lend to consumers and businesses.

Graph showing demand for creditThe improvement in lending conditions is an encouraging sign for the economy in the quarters ahead.

For more on the latest economic developments to watch, see higlighhts of my weekly economic analysis below, followed by a link to the full U.S. Outlook report, delivered on May 9, 2014.

Key observations:
  • Banks say outlook for prime and sub-prime credit card loan growth is better than last year.
  • March consumer credit jump was the biggest monthly increase since February 2013.
  • Credit demand is growing for commercial and industrial, commercial real estate, auto and credit card loans.
  • Tighter mortgage standards and weaker demand may be temporary.

Click here to read my full report.

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