Articles for Mortgage Borrowers

A February interest rate cut is a real possibility, but there's at least one hurdle to clear
6 days, 10 hours ago

A February interest rate cut is a real possibility, but there's at least one hurdle to clear

ABC  

At 11:31am AEDT on Wednesday, the Australian dollar began falling against the greenback. Inflation drop raises rate cut odds Photo shows A coloured graphic showing a petrol pump, coins, keys and a bag of fresh groceries against a backdrop of receipts A fall in the Reserve Bank's preferred measure of inflation has increased the odds of an interest rate cut …

Household Inflation Labour Bank Interest Rates Cent Cut
Interest rates held at 4.75%: What it means for your mortgage and savings
3 weeks, 5 days ago

Interest rates held at 4.75%: What it means for your mortgage and savings

Daily Mail  

The Bank of England has opted to hold the base rate at its current level, meaning interest rates will finish the year at 4.75 per cent. Today's decision to hold the base rate at 4.75 per cent may seem like bad news for mortgage borrowers, many of whom will be desperate for their monthly costs to fall. Tracker rates follow …

Savings Bank Interest Rates Interest Harris Cent Rates
RBA Financial Stability Review says Australia's banks safe even as up to 85,000 borrowers risk running out of cash
9 months, 3 weeks ago

RBA Financial Stability Review says Australia's banks safe even as up to 85,000 borrowers risk running out of cash

ABC  

In short: Around 5 per cent of mortgage borrowers currently spend more than they earn on essentials and their mortgage, and more than 2 per cent could run out of savings by the end of next year. Around 5 per cent of mortgage borrowers currently spend more than they earn on essentials and their mortgage, and more than 2 per …

China Financial Bank Mortgage Interest Rates Risk Chinese
What the interest rate rise means for your mortgage and savings: Bank of England ups base rate to 5.25% - here's how it will affect you
1 year, 5 months ago

What the interest rate rise means for your mortgage and savings: Bank of England ups base rate to 5.25% - here's how it will affect you

Daily Mail  

The Bank of England has increased its base rate by 0.25 percentage points to 5.25 per cent, in the latest attempt by the Monetary Policy Committee to bring down inflation. Battle against inflation: The Bank of England has been increasing its base rate since December 2021 - and fixed mortgage rates have gone up too This is because, in recent …

England Savings Inflation Money Bank Mortgage Interest Rates
Mortgage arrears rising as 'at risk' borrowers hit pre-GFC peaks
1 year, 5 months ago

Mortgage arrears rising as 'at risk' borrowers hit pre-GFC peaks

ABC  

The level of mortgage arrears is creeping higher and the number of borrowers at risk of mortgage stress is at its highest level since 2008. Key points: More than 1.4 million borrowers are considered at risk of mortgage stress by Roy Morgan research That is the highest level since May 2008, just before the global financial crisis S&P Global ratings …

Stress Mortgage Risk Number Cent Areas Borrowers
The Reserve Bank doesn't have enough information to make accurate interest rate calls, says former board member
2 years, 4 months ago

The Reserve Bank doesn't have enough information to make accurate interest rate calls, says former board member

ABC  

A former Reserve Bank board member says the method the RBA relies on to trigger interest rate rises is flawed. In December, the bank announced it would keep its cash rate target at the record low of 0.1 per cent and signalled to mortgage borrowers, renters, policymakers and global markets it would not seek to increase the cash rate until …

Policy Growth Inflation Bank Interest Rates Interest Rate
New market-leading mortgage rate launched
3 years, 3 months ago

New market-leading mortgage rate launched

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Yorkshire Building …

Mortgage Rate Base Free Borrowers Tracker Tracker Mortgages
What struggling homeowners need to know before the end of the year
4 years, 1 month ago

What struggling homeowners need to know before the end of the year

CNN  

As the economic effects of the coronavirus pandemic drag on, a growing number of Americans are struggling to pay their monthly mortgage. “It’s important to remember that the numbers we’re seeing today are artificially low, even as the number of seriously delinquent loans continues to increase, and that we’ll see a significant – and probably quite sudden – burst of …

Payments Homeowners Loans Loan Mortgage End Need
Mortgage arrears catching a growing number of Australian borrowers despite low interest rates
5 years, 5 months ago

Mortgage arrears catching a growing number of Australian borrowers despite low interest rates

ABC  

Les Ladki thought he'd found his very own slice of paradise when he bought his house in a quiet suburb in Sydney's north in 2001: a home among the gum trees, with views of a national park, and even an office space downstairs where he could build his software business. Key points: A growing number of Australians are finding themselves …

Income Mortgage Interest Rates Ladki Arrears Mortgage Arrears Finlay