With support plummeting in the critical early state of New Hampshire,
ViewThe takeaway from Federal Reserve Chair Jerome Powell, who announced a pause in interest rate hikes Wednesday, was cautious optimism, with the lending rate sticking between 5.25% and 5.5% — a 22-year high.Economists had predicted the pause, as the Fed gradually moves toward its goal of 2% annual inflation.The more deliberative approach follows the 11 rate hikes the Central Bank unleashed beginning in March 2022, but the Fed is "proceeding carefully.""We're prepared to raise rates further if...
Applications for refinancing mortgages unexpectedly surged last week despite rising interest rates. The Mortgage Bankers Association (MBA) said that overall mortgage applications rose 5.4 percent last week. Purchase mortgage applications rose 2.3 percent and refinancings jumped 13.2 percent. The burst
Business groups have joined the calls on policymakers to keep interest rates as they are ahead of the latest decision, due on Thursday.
Chancellor Jeremy Hunt declared the tide was turning in the battle against inflation after Bank governor Andrew Bailey cast the deciding vote to stop 20 months of interest rate rises.
Business groups and economists fear further increases risk rise in corporate bankruptcies and unemploymentUK inflation in surprise fall to 6.7% despite rise in fuel pricesWhich UK goods and services have changed most in price?The UK’s headline inflation rate has come in lower than expected at 6.7% but it still seems highly probable that the Bank of England will raise interest rates yet again on Thursday.Not for the first time, central bank policymakers could end up disregarding the warnings from...
Home building sank in August to its lowest level since June 2020 as crushing mortgage rates limit the demand for new houses.
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -Colombia's central bank on Friday held the benchmark interest rate at 13.25% for the third time in
A "slight uptick" in inflation is unlikely to see the Reserve Bank lift rates at its October meeting, but households facing a fixed-rate mortgage cliff are warned to brace for higher repayments.
Threadneedle Street left the base rate unchanged at 5.25 per cent - the first time in 15 meetings, since late 2021, that its Monetary Policy Committee had not overseen a rise.
Inflation has started to fall, but the Bank Rate is likely to rise further
This week, mortgage rates moved in opposite directions, but one key rate climbed. If you're shopping for a mortgage, see how inflation could affect your future payments.