The Latest Breaking News from Interest Rates

Average fixed mortgage rates edge closer to 6% as more deals are hiked

The typical two-year fixed-rate deal was sitting at 5.98% on Friday, Moneyfactscompare.co.uk said.

The Independent UK · Jun 16, 2023

Further show of strength for Northern Ireland job market despite gathering headwinds

Both unemployment and employment levels back to pre-pandemic levels, but inflation and rising interest rates temper mood

Birmingham Post · Jun 16, 2023

Stock market today: Asian shares track Wall Street rally, Tokyo's benchmark at 33-year high

Shares have pushed higher in Asia after a broad-based rally on Wall Street

The Independent UK · Jun 16, 2023

Stocks Rebound on Hopes Fed is Near the End of its Rate Hike Campaign

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.41%. U.S. stocks this morning shook off early losses and...

Barchart · Jun 15, 2023

Strong job numbers could mean more rate rises for Australia. Here’s why a recession isn’t a certainty

Reserve Bank appears determined to raise interest rates at least once more, even if Australia’s economy is slowing

The Guardian - AU · Jun 15, 2023

Markets Jump to 14-Month highs

Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) is up +0.47%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is up $0.69%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.37%. U.S. stock index futures this morning are...

Barchart · Jun 15, 2023

OPINION - The Standard View: The mortgage time bomb for the Tories

THE prospect of a young trainee or graduate being able to afford a home of his or her own has been bleak for several years and can only be bleaker now that the cost of mortgages is set to rise. HSBC is to raise mortgage rates for the second time…

Evening Standard · Jun 15, 2023

ECB raises interest rates by quarter of a point to tame inflation

Move marks eighth successive rise, highlighting struggle to cool price rises amid juddering growth

The Guardian - UK · Jun 15, 2023

Markets Today: Stocks Fall on Hawkish Global Central Banks

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.50%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.79%. U.S. stock index futures this morning are moderately lower on concern major central banks will keep interest rates higher for longer to contain inflation. The...

Barchart · Jun 15, 2023

Inflation: why prices look likely to stay high in the UK and Ireland, and what that means for mortgages

The European Central Bank (ECB) has raised its three key interest rates by 0.25% to their highest levels in more than 20 years. The ECB’s “main refinancing rate” which dictates the cost of borrowing across much of Europe, including for people with tracker mortgages in Ireland, will rise from 3.75%…

The Conversation · Jun 15, 2023