mortgage rate

Tuesday’s decision to hike interest rates to 3.85 per cent sent shockwaves through the country but Reserve Bank of Australia (RBA) boss Philip Lowe has defended the central bank’s painful move.The 0.25 per cent increase to interest rates…

Apple has launched a savings account with a 4.15 per cent interest rate in a move that will catch the attention of consumers and the big banks.Analysts are questioning whether the world’s largest tech company by revenue is now a fintech…

This article is part of Global News’s Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school. Entering the housing market is viewed by many Canadians as an…

The Bank of Canada held its benchmark interest rate steady on Wednesday — a decision real estate players and economists say will have major implications for the Canadian housing market. After all, most market watchers point to the…

Since the RBA first began raising interest rates in May last year, it has come under a great deal of criticism for raising rates much earlier than its previous commentary had suggested. The broader narrative was that it was highly unlikely…

A young new property owner is regretting her decision as the Reserve Bank of Australia (RBA) hiked interest rates to a 10-year high. Sammie Baker, 24, strategically bought a Brisbane apartment in July this year when her borrowing capacity…

Westpac is the first big bank to announce it will pass on the latest interest rate hike.Australian’s worst fears were confirmed on Tuesday with the Reserve Bank of Australia pushing up interest rates for the eighth consecutive month.The RBA…

Australians are expected to take a hit to their finances just before Christmas with the Reserve Bank of Australia tipped to raise interest rates again.In the final decision for 2022, the RBA could push rates up further for the eighth…

The governor of the Bank of Canada warned Thursday that the high level of household debt in the country will be a “vulnerability” if the economy slows and house prices see a steeper decline than first thought. Speaking to the Public…

Desperate homeowners slammed by seven consecutive rate rises are being forced to sell up with the number of distressed listings nationwide jumping by more than 15 per cent since May, new research has shown.Interest rates have risen from a…