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171.98MDow Volume:
Avg Vol: 111.57M
Unchanged
150
Decliners
1105
Advancers
5358
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
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  • 1 Month
  • 3 Months
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Dow
/quotes/zigman/627449/realtime 16,655 +369 2.27%
Nasdaq
/quotes/zigman/12633936/realtime 4,813 +115 2.45%
S&P 500
/quotes/zigman/3870025/realtime 1,988 +47 2.43%
GlobalDow
/quotes/zigman/629063/realtime 2,363 +2 0.08%
Gold
/quotes/zigman/662444/delayed 1,126 +3 0.30%
Oil
/quotes/zigman/2331095/delayed 42.49 -0.07 0.16%
FTSE 100
/quotes/zigman/3173262/delayed 6,192 +213 3.56%
DAX
/quotes/zigman/2380246/delayed 10,316 +318 3.18%
CAC 40
/quotes/zigman/3173214/delayed 4,658 +157 3.49%
FTSE MIB
/quotes/zigman/1482176/delayed 22,201 +727 3.39%
IBEX 35
/quotes/zigman/2759620/delayed 10,290 +306 3.06%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +12 3.46%
Asia Dow
/quotes/zigman/6959860/realtime 2,761 +8 0.30%
Nikkei 225
/quotes/zigman/5986735/delayed 18,574 +198 1.08%
Hang Seng
/quotes/zigman/2622475/delayed 21,839 +758 3.60%
Shanghai
/quotes/zigman/1859015/delayed 3,084 +156 5.34%
Sensex
/quotes/zigman/1652085/delayed 26,231 +517 2.01%
Singapore
/quotes/zigman/1709939/delayed 2,945 +72 2.52%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.01%
Yen
/quotes/zigman/16008150/realtime/sampled 120.99 -0.04 0.03%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 +0.00 0.06%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 +0.00 0.14%
DXY Index
/quotes/zigman/1652083/delayed 95.75 -0.01 0.01%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.27 +0.00 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 +0.01 0.40%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.04 5.49%
Italy 10yr
/quotes/zigman/15866497/realtime 1.93 -0.05 2.73%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 -0.03 1.54%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.87 +0.02 1.11%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.02 4.00%
Crude Oil
/quotes/zigman/2331095/delayed 42 0 0.16%
Gold
/quotes/zigman/662444/delayed 1,126 +3 0.30%
Corn
/quotes/zigman/7599553/delayed 375 +1 0.33%
DJIA F
/quotes/zigman/38649152/delayed 16,636 -14 0.08%
S&P F
/quotes/zigman/30356461/delayed 1,988 -1 0.07%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.57%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.73 2.54 2.91%
AAPL /quotes/zigman/68270/composite 112.92 3.23 2.94%
GOOG /quotes/zigman/30194416/composite 637.61 8.99 1.43%
BAC /quotes/zigman/190927/composite 16.44 0.38 2.37%
C /quotes/zigman/5065548/composite 53.44 1.16 2.22%
F /quotes/zigman/264304/composite 13.56 0.35 2.65%
T /quotes/zigman/398198/composite 33.44 0.75 2.29%
BP /quotes/zigman/247026/composite 33.03 1.93 6.21%
GE /quotes/zigman/227468/composite 25.01 1.00 4.16%
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Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

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The High Cost of Low Credit Scores

Record-low interest rates are useless to the millions of borrowers with less-than-perfect credit scores. They end up paying a high premium when applying for everything from credit cards to home mortgages.

Michael D Brown / Shutterstock.com

Despite the Federal Reserve’s efforts to encourage more lending and home buying, millions of people have been shut out from borrowing, according to a report today by The Wall Street Journal. Consumers with high credit scores accounted for nearly 90% of all new mortgages last year.

This comes at a time when the number of Americans with poor credit is growing. Most lenders check borrowers’ FICO credit score, which ranges from 300 to 850, to determine whether to approve them for financing and at what terms. In general, borrowers with a FICO below 720 will end up with higher interest rates and could have a harder time getting a loan. Today, nearly a third of consumers have a FICO score in the 550 to 699 range – the highest since 2006, according to April data from FICO. And nearly half of consumers have a FICO score that’s lower than 700.

Lenders say the premium for poor credit is necessary to manage their exposure to risk, with requirements varying widely by the type of loan. For those with poor scores, credit cards and car loans are the easiest to access, but the premiums may be very high. Credit card issuers charge at least 17% interest rates on average for borrowers with credit scores below 720, according to CardHub.com, a credit-card comparison web site. On car loans, average interest rates run up to 13% for borrowers with lackluster credit scores, according to credit bureau Experian.

Mortgages remain hardest to get: Few lenders are giving mortgages to borrowers with scores below 680, says John Ulzheimer, president of consumer education at SmartCredit.com, a credit-monitoring site. While lending standards have eased since 2008, the best rates – or even the good ones – are available only to those with perfect or near-perfect scores, says Ulzheimer.

Here are the three major loans impacted by poor credit.

«»

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    • Credit scoreS play a very important role in our financial life, good credit score can make this life great, while bad one may bring us lots of inconveniences. That’s why it’s better to start to take care of credit history as only financial life starts. I know some people with a bad credit score and they wrongly assume that once their credit score is damaged then then they can’t do a thing to fix it. It’s very important to be responsible about making payments on loans, because credit score shows the lenders of cash advance how reliable you are. To my mind, it’s never too late to work on a credit score and take advantage of low interest rates and other benefits which are affordable for people with high credit score only.

    • So many Americans do not live within their means. In order to keep up with Joneses, many people bought houses they couldn’t afford so when the recession hit, they lost their homes to foreclosures and had to file bankruptcy. Post-bankruptcy, these people may start thriving if they live within their means.

      http://www.thebankruptcyshop.com

    • as Christine responded I am stunned that a person able to get paid $4570 in 4 weeks on the computer. have you seen this web link makecash16com

    • If you don’t have the cash to buy a car, you can’t afford it.

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Close in:

need to know
Activision, United rally on S&P 500 inclusion
Amgen gets FDA OK for cholesterol treatment
Icahn discloses stake in Freeport McMoRan
Autodesk beats earnings expectations
GameStop tops expectations; shares rise
Bank of New York Mellon tech woes hit prices
Wall Street’s missing a closed-end bargain

What should China do to fix its economy?
What should China do to fix its economy?
Analysts dismiss fears of a China hard landing
China fears trigger emerging market outflows

Apple closes in on Fitbit as world's biggest wearables company
Apple closes in on Fitbit in wearables

Apple to host Sept. 9 product event

How momentum investing could go out of style
Momentum investing could be going out of style

These are the best jobs for millennials
These are the best jobs for millennials


The happiest — and most miserable — countries on earth
This is the happiest country on earth


One billion people logged onto Facebook Monday in new company milestone
1 billion people used Facebook in one day


Poll shows Biden running stronger than Clinton
Republican wants more than the sequester

Donald Trump says he’s OK with raising taxes on himself
Trump: I’m OK with raising taxes on myself

Bezos is clear about what Amazon’s culture is

Wal-Mart: Demand is reason for its gun decision

Sorry, Uber, but this is the end of the IPO party

Star-studded content up Netflix’s sleeve
'Mr. Robot' season finale postponed

Beijing, ‘Loch Ness monster’ in mystery of China rally

Jim Rogers: Don’t rule out a commodity bull run
Commodities are ripe for a rebound

How the media just can’t spot economic crisis

6 ‘services’ that help hackers get rich

4 things you didn’t know could be hacked
How vulnerable are U.S. markets to hackers?


How to throw a  birthday party for under $100
Only half of Americans with kids have wills

Millennials are clueless about cellphone etiquette
Millennials realize growing up is hard to do

/conga/frontpage.html 353510

Markets »

171.98MDow Volume:
Avg Vol: 111.57M
Unchanged
150
Decliners
1105
Advancers
5358
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,655 +369 2.27%
Nasdaq
/quotes/zigman/12633936/realtime 4,813 +115 2.45%
S&P 500
/quotes/zigman/3870025/realtime 1,988 +47 2.43%
GlobalDow
/quotes/zigman/629063/realtime 2,363 +2 0.08%
Gold
/quotes/zigman/662444/delayed 1,126 +3 0.30%
Oil
/quotes/zigman/2331095/delayed 42.49 -0.07 0.16%
FTSE 100
/quotes/zigman/3173262/delayed 6,192 +213 3.56%
DAX
/quotes/zigman/2380246/delayed 10,316 +318 3.18%
CAC 40
/quotes/zigman/3173214/delayed 4,658 +157 3.49%
FTSE MIB
/quotes/zigman/1482176/delayed 22,201 +727 3.39%
IBEX 35
/quotes/zigman/2759620/delayed 10,290 +306 3.06%
Stoxx 600
/quotes/zigman/2380150/delayed 362 +12 3.46%
Asia Dow
/quotes/zigman/6959860/realtime 2,761 +8 0.30%
Nikkei 225
/quotes/zigman/5986735/delayed 18,574 +198 1.08%
Hang Seng
/quotes/zigman/2622475/delayed 21,839 +758 3.60%
Shanghai
/quotes/zigman/1859015/delayed 3,084 +156 5.34%
Sensex
/quotes/zigman/1652085/delayed 26,231 +517 2.01%
Singapore
/quotes/zigman/1709939/delayed 2,945 +72 2.52%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 0.00 0.01%
Yen
/quotes/zigman/16008150/realtime/sampled 120.99 -0.04 0.03%
Pound
/quotes/zigman/16008140/realtime/sampled 1.54 +0.00 0.06%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.72 +0.00 0.17%
DXY Index
/quotes/zigman/1652083/delayed 95.75 -0.01 0.01%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.27 +0.00 0.01%
U.S. 10yr
/quotes/zigman/15866666/realtime 2.19 +0.01 0.40%
German 10y
/quotes/zigman/15866409/realtime 0.75 +0.04 5.49%
Italy 10yr
/quotes/zigman/15866497/realtime 1.93 -0.05 2.73%
Spain 10yr
/quotes/zigman/15866444/realtime 2.06 -0.03 1.54%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.87 +0.02 1.11%
Japan 10yr
/quotes/zigman/15866525/realtime 0.39 +0.02 4.00%
Crude Oil
/quotes/zigman/2331095/delayed 42 0 0.16%
Gold
/quotes/zigman/662444/delayed 1,126 +3 0.30%
Corn
/quotes/zigman/7599553/delayed 375 +1 0.33%
DJIA F
/quotes/zigman/38649152/delayed 16,636 -14 0.08%
S&P F
/quotes/zigman/30356461/delayed 1,988 -1 0.07%
Silver
/quotes/zigman/3134148/delayed 15 +0 0.57%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 89.73 2.54 2.91%
AAPL /quotes/zigman/68270/composite 112.92 3.23 2.94%
GOOG /quotes/zigman/30194416/composite 637.61 8.99 1.43%
BAC /quotes/zigman/190927/composite 16.44 0.38 2.37%
C /quotes/zigman/5065548/composite 53.44 1.16 2.22%
F /quotes/zigman/264304/composite 13.56 0.35 2.65%
T /quotes/zigman/398198/composite 33.44 0.75 2.29%
BP /quotes/zigman/247026/composite 33.03 1.93 6.21%
GE /quotes/zigman/227468/composite 25.01 1.00 4.16%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.5%
2 yr CD
0.8%
1 yr CD
0.6%
MMA $10K+
0.3%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.62% 11.62% 11.53%
Business 12.85% 12.85% 12.85%
Student 13.14% 13.14% 13.14%
Balance Transfer 14.12% 14.12% 14.00%
Airline 15.10% 15.10% 15.15%
Reward 15.14% 15.14% 14.99%
Cash Back 15.27% 15.27% 15.26%
Instant Approval 18.00% 18.00% 17.93%
Bad Credit 22.73% 22.73% 22.48%
Source:CreditCards.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/107036/composite ULTA+1.39%
  • /quotes/zigman/8669138/composite DWTI-28.79%
  • /quotes/zigman/68719/composite ADSK+1.77%
  • /quotes/zigman/55989606/composite ACI+38.11%
  • /quotes/zigman/389699/composite GME+1.85%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

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  • Personalized news and quote email alerts
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