Costco Moves Into Home Finance

Costco has added another segment to their business. They are now offering home mortgages.

The company has been testing the program over the last year, and issued over 10,000 mortgages in that time.

Costco's new plan is to aggressively market them to all of their sixty-six million members. 

Home prices are at new lows in most of the country, and it is now cheaper to buy a home than rent one.

Yet at the same time, the foreclosure rate is going back up.

Costco is also looking into offering auto and student loans.