Latest News for: Rate rises

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Should you fix a mortgage for 2 or 5 years? What to do as rates rise

This is Money 05 Oct 2022
As well as dealing with rising rates and lenders pulling products, they will have to decide whether to fix their mortgage for two or five years, or even longer - at a time when foreseeing the future is particularly difficult.� ... about the UK economy and rising interest rates.�.
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Rate rise: our economy is walking a tightrope

The Daily Telegraph Australia 05 Oct 2022
The Reserve Bank’s smaller-than-expected interest rate rise reduces the risk of Australia sliding into recession ....
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People ‘in a world of pain’ after interest rate rises

The Daily Telegraph Australia 05 Oct 2022
Sky News host Paul Murray says people are “in a world of pain” after six consecutive interest rate rises ....
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Should you fix your mortgage for two or five years? As rates rise rapidly, we ...

The Daily Mail 05 Oct 2022
They have risen sharply in the last two weeks due to uncertainty about the UK economy and rising interest rates ... So far this year we have seen all the ingredients required for rates to rise ... 'The current yield curves indicate that the markets believe rates will continue to rise in the short term (two years) before falling back.
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Hidden victims of Australia’s interest rate rise

The Daily Telegraph Australia 05 Oct 2022
As Aussie homeowners face another massive interest rate hike, finance experts have revealed the real “hidden victims” of the changes ....
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Hidden victims of rates rises revealed

The Daily Telegraph Australia 05 Oct 2022
Australians who have been through a relationship or marriage breakdown are set to be hardest hit by skyrocketing interest rates, according to a focus group finding ....
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As Savings Rates Rise, Should You Switch to an Online Bank? - CNET

CNET 05 Oct 2022
Before you jump ship, consider these five tips ... .
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Mortgage Rates Hit 6.75%. That’s the Highest Since 2006.

Barrons 05 Oct 2022
Steady mortgage rate rises continue to reduce home loan application volumes, a trade group says. Another rise in mortgage rates last week cut down on the volume of home loan applications, according to data published Wednesday ... Quickly-rising mortgage rates have slowed the previously-hot housing market significantly.
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Mortgage rates hit almost 7%, with little sign of falling

Eagle-Tribune 05 Oct 2022
Mortgage rates jumped to almost 7% as the housing market begins to cool in response to rising rates. The average rate for a 30-year fixed mortgage increased as homebuyers have watched rates steadily rise over the past six months ... At times, when the federal funds rate rises, mortgage rates typically rises as well, though they are not directly related.
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Official cash rate raised by 50 basis points to 3.5 percent

RNZ 05 Oct 2022
The Reserve Bank considered a jumbo-sized interest rate rise, but in the end stuck to the script as it raised its benchmark rate and signalled there will be no let up in interest rate rises in its fight against inflation ... More rate rises are required for mandates to be met.".
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Homeowners forced to prove they can afford 8pc mortgage rates

The Daily Telegraph 05 Oct 2022
Borrowers with TSB must prove they can afford mortgage rates of up to 8pc after the high street lender tightened its stress testing ahead of further interest rate rises ... Stress testing was rolled out in the aftermath of the financial crisis to stop banks lending to borrowers who could not afford repayments if rates were to rise in the future.
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Why the Reserve Bank's smaller interest rate increase of 0.25% is bad news for home ...

The Daily Mail 05 Oct 2022
The Reserve Bank's smaller quarter of a percentage hike could be bad news for home borrowers with ANZ changing its forecasts to have more rate rises in 2023 ... But the ANZ bank said the smaller RBA increase would simply mean rate rises continuing into 2023 rather than finishing in 2022 during this monetary policy tightening cycle.
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US national debt tops $31 trillion for first time

Indian Express 05 Oct 2022
Expenditures on interest could exceed what the United States spends on national defence by 2029, if interest rates on public debt rise to be just 1 percentage point higher than what the CBO estimated over the next few years ... Adding new debt, he said, as interest rates rise would be pouring fuel on a fiscal fire.

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