Consumer Minute: Mall closing, low loan

Mall to close early

Attention, shoppers:  Warwick Mall will soon be closing an hour earlier each day. Mall officials announced Monday that they will be cutting back the hours of operation, starting Feb. 1.

The aim is to help retailers get through this economic slump. In addition to saving on labor costs, the hope is that closing an hour early will also help cut back on utility costs. Stores with separate entrances at the mall will not be affected.

Starting Feb. 1, the mall’s hours will now be Monday through Saturday, 10 a.m. to 9 p.m., and on Sunday, 11 a.m. to 6 p.m.

5.49 Percent Loans

Bank RI is offering a new loan program.  The $30-million plan is targeted at local homeowners and will offer a 5.49 annual percentage rate, without closing costs or points, and up to a 30 year fixed rate. 

It’s part of the U-S Treasury’s Capital Purchase Program.

Digital switch delayed

If you’re not ready for the digital switch next month, you could get a reprieve. The Senate voted Monday to delay the deadline for the changeover from analog to digital television broadcasting to June 12. .

The House could vote on comparable legislation as early as Tuesday. The Obama administration called for a delay over concerns that too many Americans were not ready after the government ran out of those coupons.