The larger-than-expected slowdown, led by motor vehicle fuel prices, offers some relief to the government and the Bank of England.
Category: Mortgages
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As Sunak Makes His Case to Britons, the Economy Undermines It
Britain’s stubbornly high inflation rate has come to symbolize a deeper economic malaise — a morass of problems, some new, others longstanding, that are stymying Prime Minister Rishi Sunak.
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Why Britain’s Mortgage Holders Are Being Squeezed
The Bank of England’s campaign to curb inflation is pushing up monthly payments for millions of homeowners.
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Why Britain’s Mortgage Holders Are Being Squeezed
The Bank of England’s campaign to curb inflation is pushing up monthly payments for millions of homeowners.
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Angelo Mozilo, Whose Mortgage Giant Fell in Housing Bust, Dies at 84
He built Countrywide Financial into the country’s largest mortgage lender, but its increasingly risky loans helped precipitate the 2008 financial crisis.
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Bank of England’s Critics Multiply After Interest Rate Increase
Pressure is building in Britain for the bank’s governor, Andrew Bailey, to show that policymakers have a handle on the inflation problem.
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U.K. Inflation Remains Stuck at 8.7 Percent
The rate, which had been expected to edge lower in May, shows that Britain’s cost-of-living crisis persists, and is likely to prompt the Bank of England to raise interest rates again.
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China’s Central Bank Cuts Loan Prime Rates
The reduction in the rates, which are used to set corporate loans and home mortgages, signal concern that the country’s post-pandemic rebound is stalling.
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New Zealand House Prices Have Crashed, Wiping Out Billions in Wealth
In New Zealand, high interest rates have sent property prices sliding nearly 18 percent since November 2021.
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What Fed Interest Rate Moves Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
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Mortgage Transfers Pick Up as a Way to Beat Rising Rates
Real estate agents are pushing sub-3 percent mortgages as an amenity, just like marble countertops or a view of the mountains.
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I Won $50,000 From a Scratch-Off Lottery Ticket and Bought a House
Sydney Bean was young, broke and tolerating a bad roommate to make ends meet. Then she won the lottery.