Latest Personal loans News

Average long-term US mortgage rates edge up to 5.3%

May. 12, 2022 10:12 AM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates edged up again this week, with interest on the key 30-year loan at its highest level since 2009. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate ticked up to 5.3% from 5.27% last week. By...

Beshear announces funding for new homes for storm victims

May. 10, 2022 17:56 PM EDT

MAYFIELD, Ky. (AP) — Five months after deadly tornadoes ripped through western Kentucky, Gov. Andy Beshear on Tuesday announced $16 million in funding to help provide homes for storm victims. The money, coming from the Team Western Kentucky Tornado Relief Fund, will help provide up...

Diplomats concerned by state of emergency in Sri Lanka

May. 07, 2022 10:29 AM EDT

COLOMBO, Sri Lanka (AP) — Diplomats and rights groups expressed concern Saturday after Sri Lankan President Gotabaya Rajapaksa declared a state of emergency and police used force against peaceful protests demanding his ouster over the nation’s worst economic crisis. Rajapaksa...

Editorial Roundup: New England

May. 06, 2022 07:13 AM EDT

Hearst Connecticut Media. May 3, 2022. Editorial: CT positions itself as an abortion sanctuary An editorial we published on the 25th anniversary of Roe v. Wade in 1998 predicted “the debate over abortion will be just as passionate in 2023 as it was in 1973.” ...

US mortgage rates rise; 30-year at 5.27%, highest since 2009

May. 05, 2022 15:32 PM EDT

WASHINGTON (AP) — Average long-term U.S. mortgage rates resumed their ascent this week, as the key 30-year loan reached its highest point since 2009. The increases came in the week preceding the widely anticipated action by the Federal Reserve, announced Wednesday, to intensify its...

Rising interest rates in US will hinder foreign economies

May. 05, 2022 00:23 AM EDT

WASHINGTON (AP) — When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stop with U.S. homebuyers paying more for mortgages or Main Street business owners facing costlier bank loans. The fallout can be felt beyond America’s borders,...

How higher Fed rates stand to affect Americans' finances

May. 04, 2022 19:43 PM EDT

WASHINGTON (AP) — Record-low mortgages below 3% are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally receive a yield high enough to top inflation. The substantial half-point hike in its benchmark short-term rate that the Federal...

Editorial Roundup: United States

May. 04, 2022 13:25 PM EDT

Excerpts from recent editorials in the United States and abroad: April 29 The New York Times believes the Federal Reserve should take a measured approach to addressing inflation Jerome Powell, the chair of the Federal Reserve, has often expressed...

Biden taking 'hard look' at student loan forgiveness

Apr. 28, 2022 16:29 PM EDT

WASHINGTON (AP) — President Joe Biden said Thursday that he's “taking a hard look” at canceling additional federal student loan debt and will reach a decision within a month. “I am considering dealing with some debt reduction,” Biden told reporters in the Roosevelt Room at...

Long-term US mortgage rates edge down this week to 5.1%

Apr. 28, 2022 10:01 AM EDT

WASHINGTON (AP) — The average long-term U.S. mortgage rate edged down for the first time in two months following a swift ascent to levels that have not been seen in more than a decade. After seven weeks of increases, the average rate on a 30-year mortgage inched down to 5.1% from...