SAVING SELMA: SBA approves loan to owner of old candy factory in Selma
The old candy factory in Selma — has been a highly visible reminder of the devastation the January 12th tornado caused in the city.
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Alabamians Who Borrow from Alabama Ag Credit to Receive $9.8 Million
Alabama farmers and rural property owners who borrow money from are receiving a record $9.8 million in cash from the lending cooperative this year. That number equates to nearly one percent of the interest they paid in 2019. Customers of Alabama Ag Credit aren’t just borrowers — they are members and when the co-op does well, so do they. “The…
U.S. Long-Term Mortgage Rates Fall; 30-Year at 4.55 Percent
Long-term U.S. mortgage rates were flat to lower this week. The benchmark 30-year rate marked its fourth decline in the past five weeks. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages was 4.55 percent, down from 4.57 percent last week. By contrast, the 30-year rate averaged 3.88 percent a year ago. The average rate on 15-year,…
