Its Extra Reward Regular Saver account pays interest on an annual basis. Interest payments begin one year after account opening. This is because the Cambridge Building Society pays interest on the maturity date, which is one year from the date of a person’s initial deposit. The five percent interest rateRead More →

Interest rate hikes are on the horizon as inflation in Canada continues to soar. Experts say consumers can expect a slight cooling in the housing market, continued high prices for food and other commodities, and possibly higher wages as well. The annual pace of inflation hit a three-decade high inRead More →

The decision on the six-month freeze from January was announced by the prime minister on Wednesday. Personal mortgage interest rates will be frozen at their end-October levels, which means February’s monthly payment will already be lower than previous ones, Viktor Orbán said. Domotor said about half a million Hungarians haveRead 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 →

Following the Bank of England’s (BoE) interest rate hike from 0.1% to 0.25%, many industry figures quickly reacted to the news. The Monetary Policy Committee voted eight to one to increase the rate following increased pressure from the International Monetary Fund (IMF). Kate Davies, executive director of IMLA, said theRead More →

Samantha Ritchie’s family remodeled their two daughters’ bedroom during the COVID-19 lockdown.Cole Burston / The Globe and Mail Samantha Ritchie’s house of war in eastern Hamilton, Ontario began to feel cramped after she and her husband had children. Her two daughters shared a bedroom without a closet – a chaoticRead 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 →

Amid the anticipated rise in interest rates, Jonathan Rolande of House Buy Fast warned of a market crash in the next decade. While wages have stagnated for an extended period, house prices have continued to rise, with Halifax reporting the average cost of a house at £ 262,954 this year.Read More →

A new Yorkshire Building Society mortgage offers homebuyers an interest rate of just 0.78%, the best in the market, as the cost of borrowing to buy a home continues to hit record highs. The two-year fixed deal, which is also available for remortgage, is a tracker – meaning borrowers wouldRead More →

The Reserve Bank of India (RBI) once again maintaining the status quo on key rates, borrowers can enjoy low interest rates on loans for some time yet. At its bimonthly Monetary Policy Review meeting on August 6, 2021, the RBI announced that it was once again keeping its policy ratesRead More →