Written by Penelope Graham Russia’s large-scale invasion of Ukraine has dramatically heightened geopolitical tensions, not to mention economic uncertainty; NATO members reacted quickly with sanctions, while Germany announced it was delaying progress on the Nord Stream-2 pipeline, cutting off what was expected to be a major supply of Russian naturalRead More →

The yield on German 10-year government bonds moved into positive territory on Wednesday for the first time since 2019 according to the latest indications, the markets are not convinced that the ECB can maintain its position “lower for longer” on the interest rate. Continued inflationary pressures are undermining central bankRead More →

After much speculation, the central bank voted in December to raise the base rate to 0.25%, after holding back on fears over the strength of the jobs market. Any remaining labor market concerns were dismissed this morning, with data from the Office for National Statistics showing employment continuing to rise.Read More →

Lenders like banks, NBFCs and housing finance companies have created mortgage solutions specifically tailored to meet the needs of the self-employed. Just like with salaried mortgage borrowers, independent borrowers should also compare and research the best interest rate for their mortgage. Bank interest rates on mortgage loans are now linkedRead More →

OTTAWA – The federal banking regulator is keeping the interest rate used in a key stress test for uninsured mortgages on hold. The Office of the Superintendent of Financial Institutions said Friday that the minimum allowable rate for uninsured mortgages would remain the higher of the mortgage contract rate plusRead More →

OTTAWA – The federal banking regulator is keeping the interest rate used in a key stress test for uninsured mortgages on hold. The Office of the Superintendent of Financial Institutions said Friday that the minimum allowable rate for uninsured mortgages would remain the higher of the mortgage contract rate plusRead More →

Gold futures posted a modest decline on Monday, as a rally in Treasury and dollar yields helped dampen appetite for precious commodities, which was contained by uncertainties over the spread omicron and Federal Reserve policies. Gold’s rise on Friday was “tempered” on Monday as “risk aversion cooled and the USRead 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 →

Bank of England chief economist Huw Pill said the UK central bank will have to make a “live” decision on interest rates at an upcoming meeting in November. However, Mr Pill added that an upcoming interest rate hike would be “finely balanced”. Mr Pill also raised the possibility of sharpRead More →

New oi-Kuntala Sarkar | Update: Saturday 23 October 2021, 13:54 [IST] Federal Reserve Chairman Jerome Powell has officially announced that the US economy is ready to cut back on asset purchases by the US Fed, however, he doesn’t think this is the right time to raise the rate. interest. PowellRead More →

Federal Reserve Chairman Jerome Powell said on Friday the economy had made “further substantial progress” towards the Fed’s inflation target and “net progress” towards its full employment target, maintaining the central bank on track to scale back its bond buying stimulus this year. And while Powell said July’s solid jobsRead More →

Ireland’s largest money lender, Provident Financial, has announced it will close its home lending business as Monday’s annual results highlighted the pressure from the coronavirus pandemic and growing complaints from clients on risk lenders. The move comes just days after Finance Minister Paschal Donohoe said the government planned to “gradually”Read More →