The number of properties up for auction continues to rise despite low interest rates causing uncertainty elsewhere in the market. More and more sellers, week after week, are putting their homes in the hands of the auctioneer despite buyers facing reduced borrowing capacity and creeping mortgage repayments. Latest domain auction
OSB Group PLC (LSE:OSB) posted record interim profits on the back of higher base rates and raised its margin forecast for the full year. The specialist lender reported underlying pre-tax profits in the six months to June 30, 2022 of £294.1 million, up 16% on the corresponding period last year.
Martin Lewis’ MoneySavingExpert has warned all homeowners to check their mortgage because some people could save thousands of pounds as a result of the latest base rate hike. Recently, the Bank of England raised the key rate by 0.5%, from 1.25% to 1.75%. If interest rates are higher, you will
Brisbane owner David Holt feels like he’s caught between a rock and a hard place. breaking wave interest rate This means that when the fixed term of his interest-only mortgage ends in January, he will suddenly lose money on the modest two-bedroom home he bought in Logan, south Brisbane for
Hi there. This is monday august 8 and you’re reading The Loop, a quick summary of today’s news. Let’s Start Here: John Barilaro to Lead US Business Jobs Survey The former deputy premier of New South Wales was questioned Monday during the parliamentary inquiry into his appointment to the lucrative
Rising interest rates and uncertainty are causing the property market around Australia to cool. Sydney and Melbourne markets led the decline at -2.7% and -0.9% respectively, according to data from CoreLogic. Based on Australian Bureau of Statistics (ABS) Average House Prices of $1.2 million in Sydney and $966,500 in Melbourne,
A&B Summary: On May 2, 2022, Georgia Governor Brian Kemp signed into law HB 891 and SB 470. HB 891, effective July 1, 2022, updates various laws enforced by the Georgia Department of Banking and Finance (the “Department”) ), including by amending (1) certain licensing exemptions under the Georgia Residential
This story is part Recession Assistance ServiceCNET’s coverage of how to make smart money moves in an uncertain economy. What is happening The Federal Reserve hiked federal funds rates an additional 0.75 percentage points in July. The move could drive up interest rates on mortgages, credit cards, loans and more.
The Reserve Bank of Australia (RBA) raised interest rates earlier on Tuesday afternoon and now Australians are eagerly waiting for their own banks to follow suit. At 2:30 p.m., for the fourth consecutive month, the RBA announced that interest rates were rising again. The central bank raised Australia’s interest rate
New Delhi: ICICI Bank, the second largest private sector lender, raised lending rates by 0.15% across all maturities on Monday ahead of a rate hike by the RBI later this week. Rates have been raised across the board as part of the funds-based lending rate (MCLR) incremental cost system, a