The Latest Breaking News from Interest Rates

Warning over popular home improvement that can affect your chances to remortgage

A simple home improvement in thousands of homes could cause householders looking to remortgage a headache with money lenders, according to a group of experts

Daily Mirror · May 28, 2023

RBA chief Philip Lowe in the hot seat at Senate hearing as interest-rate decision looms

Philip Lowe will field questions from senators six days before the Reserve Bank of Australia announces its next decision on interest rates

The New Daily · May 28, 2023

Banks to be stuck with 'mortgage prisoners' as those who can refinance their home loan search for a better interest rate

Around half of fixed rate borrowers whose low-rate home loans are expiring over the next two years are planning to leave their current lender, but it's those customers who can't that might prove a bigger problem for the banks, new research finds.

ABC News · May 26, 2023

Retail sales rebound as high street beats ‘cataclysmic predictions’, but economists warn slowdown still coming

Growth was ahead of expectations at 0.5%, according to today’s official figures

Evening Standard · May 26, 2023

Jeremy Hunt ‘comfortable’ with recession if needed to cut inflation and stabilise economy

There are fears the bank’s Monetary Policy Committee may have to raise interest rates to as high as 5.5 per cent to tackle inflation

Evening Standard · May 26, 2023

Bankrate: Mortgage rate lock: What it is and when to lock

If you’ve been comparing mortgage rates, you’ve already encountered one reality about the process of buying a home or refinancing: What you see today might be gone tomorrow. While interest rates change all the time, a mortgage rate lock ensures the rate on your mortgage stays the same, from the…

Tribune News Service · May 25, 2023

3 ways to protect your money if the U.S. defaults on its debt

From social security payments to interest rates, a lot hinges on a debt-ceiling deal. Personal finance experts say you should prepare for a possible debt default as you would a recession.

WEKU · May 25, 2023

Singapore economy beats estimates as government warns of risks

Southeast Asian city-state warns of rise in ‘downside risks’ amid rising interest rates, escalation of war in Ukraine.

Al Jazeera · May 25, 2023

‘Very little stock’: Rebound in property prices confounds predictions

Property prices could now finish the year higher than where they started, despite earlier forecasts they could fall between 7-10 per cent

The New Daily · May 24, 2023

Homeowners' mortgage woe as interest rates tipped to rise AGAIN despite inflation falling

Today's inflation figure is higher than predicted as many believed the inflation rate would drop as low as 8.2% - while it may sound like good news, experts have issued a warning

Daily Mirror · May 24, 2023