New car loans are easier to get now than cars

Finding a car may be more difficult than in recent memory, but buyers who line up a new vehicle are more likely to qualify for a loan. Cox Automotive found that accessing loans in September was 5.5% easier than in the same period a year earlier. In general, access to …

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Demand for bank loans is not strong except for home loans

The country’s major banks reported their profits this week, and overall their profits have risen – a lot. This is in part because they are setting aside less money to cover bad debts than they were earlier in the pandemic. That doesn’t necessarily mean they’re loaning out more money, however. …

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