Latest Personal loans News

This Sept. 20, 2019, photo shows Massachusetts State Rep. David Nangle in Lowell, Mass. Federal officials announced Tuesday, Feb. 18, 2020, that Nangle, a Democrat who represents parts of Chelmsford and Lowell, has been arrested and charged with using thousands of dollars in campaign cash to fund personal expenses. (The Lowell Sun via AP)

Indicted state representative resigns committee assignments

Feb. 19, 2020 12:54 PM EST

BOSTON (AP) — A Massachusetts state representative charged with using tens of thousands of dollars in campaign cash for golf club dues, casino trips and other personal expenses has resigned from key legislative committees. Democratic Rep. David Nangle was a member of the House Committee on Ethics and the...

Mortgage company staffer who stole $2M gets prison term

Feb. 19, 2020 12:08 PM EST

CAMDEN, N.J. (AP) — A mortgage company staffer who created hundreds of fraudulent wire transfers to steal roughly $2 million from the firm has been sentenced to nearly four years in federal prison. Dilcia Mercedes, 38, of Camden, will also have to serve three years of supervised release after she's freed...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)

Liz Weston: Beware of these overhyped financial strategies

Feb. 17, 2020 9:00 AM EST

A good rule of thumb when you’re trying to eat healthy is to beware of any food you see advertised. The most beneficial fare — whole grains, fruits, vegetables — tends not to have a marketing budget. Similarly, investments that are enthusiastically pushed by commission-earning salespeople may...

Wisconsin Republicans propose $250 million income tax cut

Feb. 14, 2020 2:17 PM EST

MADISON, Wis. (AP) — Income taxes would be cut by an average of $106 for a majority of tax filers in Wisconsin under a Republican proposal unveiled Friday that lawmakers plan to vote on next week and quickly send to Democratic Gov. Tony Evers. The nearly $250 million income tax cut is the largest part of...

European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)

Negative interest rates turn saving, borrowing upside down

Feb. 14, 2020 11:00 AM EST

FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world where...

FILE - This April 13, 2019, file photo, shows homes in suburban Salt Lake City. Americans shopping for a home this spring may face more competition than they have in years. (AP Photo/Rick Bowmer, File)

Buyers face more competition amid shortage of home listings

Feb. 13, 2020 2:02 PM EST

LOS ANGELES (AP) — Americans shopping for a home this spring may face more competition than they have in years. A strong labor market and growing pool of would-be buyers as more millennials enter their 30s is expected to fuel demand for homes at a time when the inventory of properties for sale is at the...

A glance at US mortgage rates; 30-year loan rises to 3.47%

Feb. 13, 2020 1:21 PM EST
This week Last week Year ago 30-year fixed 3.47 3.45 4.37 15-year fixed 2.97 2.97 3.81 5-year adjustable 3.28 3.32 3.88
FILE - This Jan. 9, 2020, file photo shows a sold sign is posted on a real estate sign outside a home in Derry, N.H. On Thursday, Feb. 13, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Charles Krupa, File)

US mortgages flat to slightly higher; 30-year loan at 3.47%

Feb. 13, 2020 12:28 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates were flat to slightly higher this week after three straight weeks of declines, as the historically low levels continue as an incentive for potential homebuyers. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year fixed-rate mortgage...

Senate committee votes down payday loan restrictions

Feb. 12, 2020 6:58 PM EST

MONTGOMERY, Ala. (AP) — An Alabama Senate committee on Wednesday voted down a proposal to give payday lending customers longer to repay their loans. The Senate Banking and Insurance Committee voted 6-8 against the bill by Republican Sen. Arthur Orr that would give borrowers 30 days to repay a loan instead...

FILE - In this Feb. 20, 2019, file photo are Mastercard and Visa credit cards in Zelienople, Pa. Americans gave their credit cards a real workout this past holiday season. The Federal Reserve said Friday, Feb. 7, 2020, that borrowing on credit cards rose by the largest amount in more than two decades in December. (AP Photo/Keith Srakocic, File)

Holiday on plastic: US credit card debt surged in December

Feb. 7, 2020 4:10 PM EST

WASHINGTON (AP) — Americans gave their credit cards a real workout this past holiday season. The Federal Reserve said Friday that borrowing on credit cards rose by the largest amount in more than two decades in December. Total U.S. consumer borrowing rose $22.1 billion in December, the central bank said....