Bailey said any action by the BoE should limit the damage to the UK economy The MPC is likely to debate the need to move quickly on tariffs Bailey says the situation is not the same as in 2022, firms have less pricing power Stock market prices doubled this year JP Morgan cuts BoE rate … Read more
First-time buyers are feeling the brunt of rising mortgage rates while some property insiders fear it could have a knock-on effect on the rest of the market. Since the war in the Middle East began, fixed-rate loans have increased significantly due to fears of inflation being lower than expectations of future interest rates. The average … Read more
Consumers continue to feel the effects of inflation on their finances. In February, the Consumer Price Index, which tracks the cost of consumer goods and services, showed a rise of 2.4% over the past 12 months. And according to another world policy organization, the US war with Iran and its effects on the price of … Read more
Here’s a look at today’s high-yield savings accounts. The Federal Reserve cut the federal funds rate three times by 2025, which means that deposit rates are gradually falling. It’s more important than ever to make sure you’re getting the most bang for your buck, and a high-yield savings account could be the solution. These accounts … Read more
The current average refinance rate for a 30-year, fixed-rate home loan is 6.46%, according to data from popular real estate marketplace Zillow. If you’re a homeowner hoping to refinance your mortgage for a lower rate or perhaps find home equity, read on to see refi interest rates for different types and terms. You can also … Read more
Deposit account fees are coming down — but the good news is you can lock in a competitive return on a certificate of deposit (CD) today and keep your earning power. In fact, the best CDs still pay interest rates above 4%. Read on for a snapshot of today’s CD rates and where to find … Read more
Millions of households will see their monthly payments increase after Easter 13:53, 31 Mar 2026Updated 13:53, 31 Mar 2026 There is no limit to the number of children you can claim Child Benefit for(Photo: philadendron via Getty Images) Millions of families receiving Child Benefit will see their payments increase from next week, HMRC has announced. … Read more
The chairman of the Federal Reserve, Jerome Powell, said on Monday that he sees no risk of contagion in the private credit markets at this time that could spread to the broader financial system, although the central bank is watching the situation carefully. “We’re looking for connections to the banking system, and things that might … Read more
While interest rates may not fall to 3% again, what about 4%? Even before the COVID-19 pandemic, rates stood at or below 4%. Currently, rates are rising in the mid- to mid-6% range. And while there are many factors to consider when considering buying a home, getting a low-interest mortgage can save you a lot … Read more
Mortgage rates are sitting at 6.38%, according to the latest data from Freddie Mac – up slightly from earlier this year, but still lower than last year (in January 2025, rates rose to a little over 7%). (You can see mortgage rates in your area herefrom our marketing partner Bankrate.) So what’s next for mortgage … Read more