Australians struggling with the cost of living crisis may have to wait longer for rate cuts even though the most aggressive rate hikes since 1989 have already severely slowed the economy.
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Rates went up in February, with the average rate on the 30-year mortgage at 6.78% in Freddie Mac’s weekly survey.
Rates went up in February, with the average rate on the 30-year mortgage at 6.78% in Freddie Mac’s weekly survey.
Homebuyers have been hoping for months that mortgage rates will come down, but spring might not have the financial savings consumers are looking for.Instead, experts said rates are set to rise at a time when homebuying tends to be popular nationwide."The weather is warmer, there is more daylight, and homes always look better once the greenery returns from winter," Melissa Cohn, regional vice president at William Raveis Mortgage, told Newsweek. "People, especially those with children, like to buy...
By Stephen Johnson, Business Reporter for Daily Mail Australia Published: 11:30 p.m. EDT, March 18, 2024 | Updated: 11:51 p.m. EDT, March 18, 2024 The Reserve Bank has issued a cautionary warning for every Australian home borrower.The federal funds rate remained at a 12-year high of 4.35 percent as of Tuesday afternoon, but Gov. Michele Bullock warned that further rate hikes were possible - a blow to those...
Australians have missed out on a much-needed rate cut as the Reserve Bank left the cash rate on hold at a 12-year high of 4.35 per cent.
Ghana Meteo reports that parts of southern Ghana will experience reduced
(The Center Square) — Georgia saw the rate of pedestrian traffic fatalities decline during the first six months of 2023, following a national trend. While the number of pedestrian deaths fell in the first half of 2023, they remain higher than before the pandemic, according to new numbers in the Governors Highway Safety Association’s annual "Spotlight on Highway Safety" report. The Peach State saw its fatality rate per 100,000 population during the first six months...
Pixalate this week released the Q4 2023 Global Connected TV (CTV) Invalid Traffic Benchmark Report. This report analyzes invalid traffic (IVT, including ad fraud) rates for open programmatic advertising on CTV devices.
ZIM reported a 59 percent decline in revenue at $5.2 billion for the year ended December 31, 2023 on 63 percent decline in average freight rate at $1,203/TEU compared to $3,240/TEU in 2022. Net loss for the full year of 2023 was $2.7 billion compared to net income of $4.6 billion 29 for the full year of 2022, driven mainly by the decrease in operating income (loss) and the $2.1 billion impairment loss, says an official release. ZIM carried 3,281,000 TEUs in 2023 compared to 3,380,000 TEUs in...