[ad_1] SmartAsset: nominal interest rate vs real interest rate The nominal interest rate is the simple interest received on a loan or paid on a deposit. Real interest is nominal interest after taking into account the effects of inflation. Economists, as well as lenders and borrowers, calculate real interest toRead More →

[ad_1] Bank of Ireland has confirmed that it will not pass on the ECB’s 0.5% interest rate hike to its variable rate mortgage customers. Its fixed-rate offerings will also not be affected by the move. However, tracker mortgage rates will be affected by the change, which the bank says willRead More →

[ad_1] What could happen to mortgage rates soon? Getty Images/iStockphoto The Federal Reserve is rumored to raise rates by 1% at its July 26 meeting as it tries to contain inflation which is currently at its highest level in 40 years. Barron’s recently noted that: “With inflation so high, theRead More →

[ad_1] Homeowners who have purchased during the pandemic are being hit on all sides as mortgage payments rise, property values ​​plummet and day-to-day expenses soar. “Indebted households are in the grip of a pincer movement, where inflation on essentials such as fuel and food, as well as the rapidly risingRead More →

[ad_1] Thursday 07 Jul 2022 12:55 MYT JULY 7 ― Effective monetary policy isn’t just about raising or lowering interest rates by the right amount at the right time, it’s much more about communicating effectively why interest rates are changing. Credible, accountable, and transparent policy announcements help people feel confidentRead More →

[ad_1] Every time interest rates rise, the impact ripples directly through Barbara Aldridge’s second-hand bookstore. Key points: The Reserve Bank is expected to raise interest rates on Tuesday Business owners fear spending will drop Anglicare reports that people are already struggling “Everyone says ‘huh’, holds their money and I’m oneRead More →