| May 7, 2014
| 1:44 PM
Consumers increased their borrowing in March by the largest amount in more than a year in a sign of increased economic growth this spring.
Outstanding consumer credit, which includes credit card balances and auto and student loans, jumped $17.5...
| May 9, 2014
| 5:00 AM
The teal blue house on E. 111th Street was surrounded by trash, its parking pad piled with everything from egg cartons to a busted couch. Most of its windows were broken. The door sat ajar.
Inside, chicken bones and cans of Mothers Maid carrots and...
| May 9, 2014
| 6:30 PM
As 2014 arrived, experts were confident that the 30-year mortgage rate would rise to at least 5% this year as the Federal Reserve cut back a bond-buying program, which had depressed the rates to unheard-of lows in 2013.
So much for the experts. The...
| May 12, 2014
| 8:38 AM
U.S. Senator Richard Durbin will appear at Loyola University this morning to tout a proposal to allow people with student loans to refinance them to a lower rate.
Congress passed a law last year tying student loan rates to the financial markets and...
| Jul 28, 2014
| 9:00 PM
There's rough weather ahead for the federal budget and the nation's economy, according to this month's long-term forecast from the nonpartisan Congressional Budget Office. The CBO projects the growing national debt will reduce Americans' incomes, raise...
| Jul 30, 2014
| 10:30 AM
Does the recent uptick in consumer confidence indicate that the agendas of the White House and Congress are misaligned with middle class aspirations? The U.S. consumer confidence index jumped to 90.9 in July, marking the highest level in seven years...
| Mar 14, 2014
GM's ignition-switch recall may have reached new heights Thursday, with one auto-safety group declaring that 303 people have died as a result of airbags failing to deploy in two of the six cars recalled for faulty ignition switches. GM disputed......
| Mar 29, 2013
| 1:53 PM
President Obama swooped into South Florida for a couple of hours on Friday to tout a tunnel project at PortMiami as a great example of how to rebuild the nation’s infrastructure, create jobs and boost the economy.
Port officials from around the...
| Feb 7, 2013
| 7:00 AM
Average interest rates on 15-year home loans dropped this week while average 30-year fixed rates remained above 3.5 percent for the second week in five months, Freddie Mac said Thursday.
The average 30-year, fixed-rate home loan stayed at 3.53...
| Feb 21, 2013
| 7:01 AM
Average interest rates on 30-year home loans increased slightly to 3.56 percent this week, remaining above 3.5 percent for the fourth week in five months, but still near record lows, Freddie Mac said Thursday.
The average 30-year, fixed-rate home loan...
| Jul 8, 2013
| 9:52 AM
South Floridians have been trying to lower their student loan balances and experts say students can lower what they need to borrow with some advance planning.
In May, those with student loans in Miami-Dade and Broward counties had lowered their...