Many have held their breath in anticipation of a slight rise in interest rates after the long period of record lows and it has happened! The South African Reserve Bank has chosen to increase the repo rate by 25 basis points. This brings the repo rate to 3.75% and theRead More →
The “horse ran away” and the ability to dodge future interest rate hikes by repairing your mortgage has passed, said ANZ chief economist Sharon Zollner. Fixed mortgage interest rates rose 20 to 28 basis points over the past month, depending on the term, according to his bank’s analysis. Data fromRead More →
With an inflation rate of 4.2% in October – close to its 10-year high of 4.8% in November 2011 – the Bank of England is increasingly expected to raise the rate discount from its current all-time low of 0.1% in its next announcement on the subject on December 16. TheRead More →
HELPMYCASH Updated Wednesday November 17, 2021 – 12:00 The average price of mortgages is at its lowest, according to data from the Bank of Spain. This means mortgage interest rates are hitting historic lows. But who offers the lowest interest rates for an average client? The average price of mortgageRead More →
Driven by rising energy and transport costs, the UK consumer price index rose 4.2% in October, official data showed on Wednesday. This is the largest increase in the index since November 2011. A rapid recovery in demand following the easing of restrictions on Covid-19, shortages of goods and workers andRead More →
According to Annabelle Williams of Nutmeg, an investment firm, anyone with the standard variable rate would now have to switch to a fixed rate deal to benefit from a low interest rate for several years. She said, “You can save hundreds of pounds each month by doing this. Over aRead More →
Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours. View mortgageRead More →
Fadekemi Ajakaiye Lagos State Governor Babajide Sanwo-Olu said that at a simple interest rate of 6%, Lagos State was best committed to providing affordable housing to the teeming population compared to any other organization, state or federal government. The governor, who was represented by Housing Commissioner Moruf Akinpelu Fatai atRead More →
Australia remains well positioned to weather a “perfect storm” of inflationary pressures triggered by the Covid pandemic without resorting to an early increase in the cash rate, although the labor market’s reaction remains uncertain, the governor of the United States said. reserve bank at a meeting of economists. Philip LoweRead More →
The Reserve Bank of Australia The governor poured cold water on market forecasts that Australia’s interest rate could rise next year, saying it is “still plausible” that rates will rise as expected in 2024. In a speech to the Australian Business Economists (ABE), RBA Governor Philip Lowe said that whileRead More →