The Latest Breaking News from Interest Rates

Medical credit cards may lead patients to overpay for their health care, Democrats warn

A group of Democratic senators is asking the Consumer Financial Protection Bureau to take action against medical credit cards such as CareCredit, saying the cards’ deferred interest features are confusing and often lead to consumers paying high interest rates after a promotional period has ended

The Independent UK · Jun 30, 2023

CBO data shows why deficits should matter again

There was a widening bipartisan sense that fiscal deficits don't really matter. Now, they do again.

Axios · Jun 29, 2023

Interest rate hikes are not the only tool to fight UK inflation – here's what the government should do

Over the past year, interest rates have been rising rapidly around the world. The post-COVID economic recovery and Russia’s invasion of Ukraine caused inflation to reach 10% or more in many countries. Central banks in the US, UK and Europe have fought back by raising interest rates in an attempt…

The Conversation · Jun 29, 2023

The volatile mortgage market and what the interest rate increases mean for you

This week, our columnist Graeme Nichols from West End Mortgages, discusses the latest mortgage increases and what it means for you.

Glasgow Live · Jun 28, 2023

Powell signals Fed open to two straight hikes at coming meetings

Federal Reserve Chair Jerome Powell signaled policymakers could potentially raise interest rates in July and September to curb persistent price pressures and cool a surprisingly resilient U.S. labor market.

Tribune News Service · Jun 28, 2023

Five parts of the economy that are hit when house prices fall

UK house price growth is slowing. While prices rose 1.2% in June compared to last year, this is down on May’s 1.9% growth, according to property website Zoopla. Its house price index – which forecasts a 5% fall in house prices this year – also shows that 42% of sellers…

The Conversation · Jun 28, 2023

Halifax, Nationwide, HSBC and TSB all raise mortgage prices yet again

Interest rates have skyrocketed in recent weeks, with the average two-year fixed deal hitting 6.3% today

Evening Standard · Jun 28, 2023

Mounting debts and public anger could finally sink water companies in England and Wales

Firms have loaded up debt to pay dividends and been fined millions for dumping raw sewage into rivers

The Guardian - UK · Jun 28, 2023

Rishi Sunak told he's 'given up' as PM as he struggles to explain Tory housing plans

In a fraught PMQs, Keir Starmer claimed the PM's body language and answers showed he had 'given up' and asked how many will lose their homes as interest rates soar before the Government helps them

Daily Mirror · Jun 28, 2023

The mortgage crunch: what happens if you fall behind on your home loan?

Lenders have agreed to be more flexible towards struggling mortgage borrowers amid concerns about rising interest rates. 

The Week · Jun 28, 2023