Borrowers warned not to count on 2024 rates relief
by @MichaelWestBiz
@MichaelWestBiz— Australian mortgage holders should not be banking on interest rate relief following surprisingly strong quarterly inflation data. The March quarter consumer price index revealed lingering price pressures, especially for services such as education, health, rents and insurance, slimming the chance of interest rate cuts any time soon. Fewer or no cuts in 2024 will delay […]
Benzinga—Another Rate Hike Coming In 2024? Macquarie Economists Reverse Forecast: Warn Of 'Increasingly Ominous' Policy Rate Change. The economic outlook for 2024 is taking an unexpected turn as economists at Macquarie have revised their predictions for interest rates, now suggesting a potential hike. read more
CNBC—The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs — what that means for your money. The Federal Reserve pushed out rate-cut expectations — here's what that means for your credit card, mortgage rate, auto loan and savings account.
Fox Business—Today's 30-year mortgage rates plummet while 15-year mortgage rates rise | May 1, 2024. The interest rate on a 30-year fixed-rate mortgage is 7.125% as of May 1, which is 0.375 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.625%, which is 0.125 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to ensure you get the best deal. Rates last...