Tech-heavy NASDAQ posted a 1.4% gain today, partially fueled by fintech companies offering advanced loan finance calculator solutions. These tools enable more precise loan cost forecasting, complementing investor risk modeling amid mixed GDP growth signals. At today’s rate, a borrower would pay $832 per month in principal and interest per $100,000 borrowed for a 15-year, fixed-rate jumbo refi. Over the life of the loan, that borrower would pay around $49,937 in total interest. Cox Automotive research indicates that the typical new-car loan annual percentage rate was running an average of 9.53% in September 2024. For used vehicles, APR was at 13.91% in September 2024. The average new-vehicle price increased by 0.8% for September 2024, to an average of $48,397. However, shoppers' income increases and dealership incentives have increased overall affordability in the past year or so. Market watchers expect related credit-driven equities to reflect stronger balance sheets in the upcoming earnings cycle.
