106.3 WORD TRAFFIC

    Personal loans

    April 03, 2020 - 4:20 pm

    US long-term mortgages fall; 30-year at 3.33%

    WASHINGTON (AP) — U.S. long-term mortgage rates fell this week for the second straight week as anxiety has spiraled over devastation to the economy from the coronavirus pandemic. Home-loan rates have been hitting all-time lows. Mortgage buyer Freddie Mac reported Thursday that the average rate on...
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    Allison Wells, Butcher and General Manager at Neon Pig, weighs a block of meat in the meat market of Neon Pig on Friday. (Adam Robison/The Northeast Mississippi Daily Journal via AP)
    April 02, 2020 - 8:41 am

    Q&A: How to get aid for a small business hit by virus crisis

    NEW YORK (AP) — Millions of small business owners will be turning to the government, seeking help for an individual and nationwide cataclysm, the economic devastation caused by the coronavirus outbreak. The government says it will begin disbursing loan money to company owners and freelancers Friday...
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    FILE - In this March 18, 2020 file photo, visitors to the Department of Labor are turned away at the door by personnel due to closures over coronavirus concerns. The coronavirus pandemic has already hurt many households financially.  Americans have been hit with layoffs, furloughs and reduced hours across the country. Those who have not are still facing massive economic uncertainty. Experts say it's more important than ever to manage your budget, reach out to lenders and seek protections available to those hit by the economic impact of the virus. (AP Photo/John Minchillo, File)
    March 31, 2020 - 3:22 pm

    A guide to surviving financially as the bills come due

    The coronavirus has dealt a financial blow to millions of Americans and now April's bills are coming due. The good news is there is help available. Reach out immediately to your mortgage lender, student loan servicer or utility provider to see what's available. Other assistance, such as stimulus...
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    Vueling Airlines planes sit parked in a line at the Seville, Spain airport on Saturday, March 21, 2020, idled due to the COVID-19 coronavirus outbreak. (AP Photo/Miguel Morenatti)
    March 23, 2020 - 3:38 pm

    Monday: Big layoffs, bigger hirings, massive markets swings

    The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Following are business developments Monday related to the outbreak as governments attempt to stabilize their economies, companies struggle to cope and millions of people...
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    FILE - This Dec. 5, 2019, photo shows the Detroit skyline. Detroit Charter Commission Vice Chair Nicole Small said the city, with one of the nation’s largest African American-majorities, has been hit particularly hard by foreclosures since the height of the mortgage crisis in 2008. Small said homeowners need relief beyond what’s being offered in the midst of the coronavirus pandemic. (AP Photo/Carlos Osorio, File)
    March 20, 2020 - 2:40 pm

    As virus grips nation, advocates move to halt evictions

    NEW YORK (AP) — On the day after the coronavirus outbreak was declared a global pandemic, Joe Ferguson was given a batch of court-ordered evictions to carry out in his job as constable in Tucson, Arizona. He knocked on doors in the majority Hispanic community of South Tucson, told residents to...
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    FILE - This June 13, 2019, file photo shows a new home is for sale in Mechanicsville, Va. On Thursday, March 12, 2020, U.S. long-term mortgage rates were mixed this week after hitting all-time lows last week amid anxiety over risks to the economy from the deepening coronavirus crisis. (AP Photo/Steve Helber, File)
    March 19, 2020 - 1:06 pm

    US mortgage rates climb this week; 30-year loan at 3.65%

    WASHINGTON (AP) — U.S. long-term mortgage rates climbed this week in a whip-sawing market amid deepening anxiety over devastation to the economy from the coronavirus pandemic. Home loan rates had hit all-time lows two weeks ago. Mortgage buyer Freddie Mac reported Thursday that the average rate on...
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    Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus "poses evolving risks to economic activity." (AP Photo/Jacquelyn Martin)
    March 15, 2020 - 6:56 pm

    Fed takes emergency steps to slash rates and ease bank rules

    WASHINGTON (AP) — The Federal Reserve took emergency action Sunday to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its concern that the...
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    March 12, 2020 - 10:43 am

    Mortgage rates mixed this week after hitting all-time lows

    WASHINGTON (AP) — U.S. long-term mortgage rates were mixed this week after hitting all-time lows last week amid anxiety over risks to the economy from the deepening coronavirus crisis. The average rate on the benchmark 30-year loan rose to 3.36% from 3.29% last week — which was the lowest level...
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    March 11, 2020 - 3:37 pm

    Corporate debt loads a rising risk as virus hits economy

    WASHINGTON (AP) — A gyrating stock market is seizing headlines as the coronavirus threatens corporate profits and economic growth. Yet it's in the normally temperate bond market, where companies go to borrow money, where the gravest dangers may lurk. Investors fear that businesses that have...
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    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)
    February 14, 2020 - 10:59 am

    Negative interest rates turn saving, borrowing upside down

    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...
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