Tag Archives: interest rates

Strategist discusses getting a mortgage when rates are rising

Historic row houses in Columbia Heights neighborhood of Washington, D.C. amedved | iStock | Getty Images One strategist has told CNBC why she thinks it’s still a “relatively good environment” to borrow money, including mortgages, despite rising interest rates. Kristina Hooper, chief global market strategist at Invesco, told CNBC’s “Squawk Box Europe” on Friday that […]

Total mortgage apps up 2% as rates rise, adjustable-rate mortgage demand surges

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. CNBC’s Diana Olick joins ‘Squawk Box’ to break down the Mortgage Bankers Association’s latest weekly mortgage rate application data. 02:25 Wed, May 11 20228:23 AM EDT source

Buy NOW or WAIT? Should you Buy A House in 2022?

Should you Buy Now or Wait? Inflation is out of control, Interest rates are rising along with a decline in buyer demand? Should you buy now or wait for a housing crash? In this video, I discuss the changes that we are currently seeing in the housing market and what you need to consider as […]

Brokers should check clients’ loans

With inflation rising and the cost of living increasing, reviewing a client’s current position with their lender is key, says a Melbourne broker. Empower Wealth’s head of mortgage broking Ben Magnus (pictured) said the structure of the clients lending needed to be reflective of the current market rates available. “Reviewing a client’s expenses is also […]

Here’s what the Fed’s half-point rate hike means for your money

The Federal Reserve raised its target federal funds rate by a half point at the end of its two-day meeting Wednesday, notching the largest increase in the benchmark in more than 20 years. “The Federal Reserve is behind the curve,” said Greg McBride, chief financial analyst at Bankrate.com. “They have to raise interest rates a lot […]

Clients seek advice on interest rate rise

Mortgage brokers across Melbourne and Sydney are working with their clients who need guidance following the Reserve Bank’s decision to lift the official cash rate on Tuesday. Sydney-based New Vision Financial Services managing director and broker Chris Brown (pictured above) said due to the lifting of interest rates he was discussing with his clients about […]

RBA lifts official cash rate

The Reserve Bank of Australia has lifted the official cash rate for the first time in nearly 12 years. At its meeting on Tuesday, the RBA board decided to increase the rate by 25 basis points from a record low of 0.1% to 0.35% and the interest rate on exchange settlement balances to 25%. The […]

Here’s how you can prepare if t.’s a 50 basis point Fed rate hike

Consumers are spending more to keep up with the surging cost of living, and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has […]

How to know if the popular adjustable-rate mortgage is right for you

Lifestylevisuals | E+ | Getty Images Adjustable-rate mortgages are making a comeback. With interest rates surging, more buyers are turning to ARMs, which offer lower initial rates than fixed-rate loans. However, after a certain period, the rate on the ARM adjusts to reflect current market conditions. “You have double the number of borrowers out t. […]

Are interest rates rising in May?

The Reserve Bank of Australia may have no choice but to lift official interest rates for the first time in more than a decade after a dramatic rise in inflation, say broker industry figures. Bianca Patterson (pictured), the director of Perth brokerage Calculated Lending, said she believed the Reserve Bank would increase the official cash […]