Latest News for: Rate rises


More buyers opting for adjustable-rate mortgages

Arkansas Democrat-Gazette 22 May 2022
LOS ANGELES -- Rising interest rates are making adjustable-rate mortgages an increasingly attractive alternative to common 30-year, fixed-rate home loans ... The increase coincides with a sharp rise in mortgage rates ... Rising mortgage rates, in conjunction with sharply higher home prices, make homeownership less affordable.

With higher interest rates, UAE banks are headed for pre-pandemic profitability

Gulf News 22 May 2022
High oil prices and economic activity coupled with rising interest rates will lift the UAE banking sector’s profitability to pre-pandemic levels ... Rising interest rates will be a key driver of UAE banks’ profitability this year ... With a minimum of three more rate hikes forecast for ...

Federal student loan interest rates will increase for the 2022-23 academic year

The Spokesman-Review 22 May 2022
Federal student loan interest rates are set to rise for the 2022-23 academic year, following the U.S ... These rates will go into effect on July 1 ... Why the rate hike matters ... Why loan rates are rising ... While the Fed doesn’t directly set Treasury yields, yields typically rise alongside Fed rate increases.

‘We’ve been inundated’: UK housing market frenzy shows no signs of slowing

The Observer 22 May 2022
With a deepening cost of living crisis and interest rates rising as the Bank of England struggles to tame inflation, there are some who fear the housing market could go into freefall, though others believe a crash can be avoided ... We will see steady rises in interest rates, not massive hikes.”.

Tenants struggle to find rentals as vacancies linger near 22-year lows

LA Daily News 22 May 2022
... of the for-sale market by rising mortgage rates ... Eviction moratoriums contributed to falling vacancy rates and rising rents since more tenants were able to stay put through the health crisis, said Fred Sutton, the Los Angeles spokesperson for the California Apartment Association.

The Bank of England fears worker power, but most are taking a real-terms pay cut

The Observer 22 May 2022
A 4% rise gave a small improvement in living standards while inflation was at 2% ... For instance, the Bank of England is expected to jack up interest rates, mostly to head off a threatened wage/price spiral that relies on its feeling that workers, like poker players who have spent decades at the tables without success, are finally hitting the jackpot.

Prospect of rate hikes impacting national debt too

RTE 22 May 2022
It looks virtually certain that interest rates will rise over the coming months and years, putting upwards pressure on the cost of borrowing for individuals as well as for governments ... For now, we seem to be going back to a pre-financial crisis reality with rates rising, in the short term at least," he concluded.

Dcb Bank Hikes Interest Rates On Resident Term Deposits: Check New Rates Here | Mint

Live Mint 22 May 2022
Amid rising interest rates of bank fixed deposits (FDs), another private sector lender, DCB Bank, has joined the bandwagon by raising its fixed deposit interest rates ... Previously, the bank offered an interest rate of 4.35 per cent on term deposits maturing in 7 to 90 days, but this rate has been increased by 45 basis points to 4.80 per cent.

Indians get respite from inflation after cut in fuel prices

Xinhua 22 May 2022
Besides, the federal government also announced a subsidy of 200 Indian Rupees (around 2.57 dollars) per cylinder of cooking gas, or Liquefied Petroleum Gas, to nearly 90 million beneficiaries of a government-sponsored scheme for 12 cylinders in a year, in a bid to help ease some of the burden arising from cooking gas rates rising to record levels.

Could property have a soft landing this time around?

Irish Independent 22 May 2022
... the housing market.She’s determined to time her entry into the property market right, so that she doesn’t end up part of a new generation in negative equity.“Inflation and talk of interest rate rises are making me panic,” the Dubliner says.

Cootehill has the perfect formula to rescue shut down US baby food market

Irish Independent 22 May 2022
In London pub chains, retailers and the Royal Mail took a pounding as the highest inflation rate in 40 years is starting to bite.When you see these kinds of shares getting dumped there is real concern that people’s buying power is being eroded and will be further undermined by the rises in the cost of living.

Bank of America says it sees a 1-in-3 chance of a US recession some time ...

Business Insider 22 May 2022
They expect the Federal Reserve to hike interest rates by 30 basis points more than the market is pricing in ... The third reason is they see the Fed as relatively dovish, and believe it will stop hiking rates once the unemployment rate starts rising and underlying inflation falls to to 3%, rather than to its 2% target.

Need not worry about climbing unemployment rate: Paul Chan

Hong Kong Standard 22 May 2022
There is no need to worry about Hong Kong’s economic outlook despite the rising unemployment rate, wrote Financial Secretary Paul Chan Mo-po in a blog post on Sunday. The unemployment rate from February to April this year rose by 0.4 percent to 5.4 percent, the highest level since April to June figures last year.

A plunging US stock market will hit British investors – here's how to fight back

The Daily Telegraph 22 May 2022
The first is that interest rate rises spark a recession and corporate profits suffer ... The alternative scenario, he said, was that interest rate rises succeeded in cooling inflation and avoided tipping the global economy into a recession.

The hidden economic traps facing Albanese

The Daily Telegraph Australia 22 May 2022
... interest rate rise seen in Australia in more than two decades.

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