The Federal Reserve manages finance charge rates to influence financial conditions within the United States. But those decisions can also affect the posture of other central banks because many aspects of international financial rely on U.S. dollars. As the world moves away from a global round of economic tightening, central bankers in the U.S. are … Read more
Property prices continue to hit new records, with the national average home now worth $973,300 in the three months to the end of June, according to the Australia Bureau of Statistics. Prices in NSW ($$1,222,000) remains the highest in the country, followed by the ACT ($953,900) and Victoria ($900,300). But SQM Research managing director Louis … Read more
The average rate for a 30-year fixed property loan was flat at 6.35% for the week ending September 5, according to data from Freddie Mac. Redfin chief executive officer Glenn Kelman (RDFN) says that homebuyers are very slowly responding to the drop in rates, saying he has “never seen buyers respond so sluggishly to low … Read more
Economists say the latest inflation data takes pressure off the Reserve economic organization to hike loan charge rates in August. The annual headline figure came in as expected at 3-point-8 per cent but the quarterly underlying measure eased for the sixth quarter in a row, suggesting inflation is still trending down. Rental prices rose by … Read more
The RBA Governor Michelle Bullock has flagged the board won’t hesitate to increase finance charge rates, but critics say another hike would hazard crashing the economy. The Australia Institute Executive Director Richard Denniss says increasing finance charge rates is “dangerously unnecessary” and it’s more important to avoid a recession than get inflation down to the … Read more
home loan rates are declining for a fourth straight week, falling to their lowest level since April. The 30-year fixed home loan rate has fallen below 7% to 6.86%. Yahoo money management Reporter Dani Romero joins Wealth! to break down the home loan rate numbers and what they indicate about the housing industry. #youtube #mortgages … Read more
A cash management account, offered by brokerage and capital firms, is a financial option that blends checking and savings features into a single account. Yahoo money management’s Molly Moorhead offers insights into these accounts and highlights their potential advantages. #youtube #news #investing About Yahoo money management: Yahoo money management provides free stock ticker data, up-to-date … Read more
Australia’s economy barely grew in the first three months of 2024 and outside of the pandemic, it expanded at the slowest annual rate since the 1990s recession. GDP per capita fell for the fifth consecutive quarter but record population expansion is keeping Australia out of recession. The Treasurer Jim Chalmers blamed the weak expansion on … Read more
Real estate agents say higher borrowing charge rates are putting off some home buyers. It comes as the Reserve lender left the cash rate on hold at 4.35 per cent. RBA governor Michele Bullock says financial conditions are “particularly restrictive” on households at the moment, and she hopes she doesn’t have to raise rates again. … Read more
Thirty-year home loan rates have hit above 7% with some experts believing it could hit 8% pretty soon. With US housing pricing and demand remaining high while supply remains low, it seems hopeless for many potential homebuyers. home loan Bankers Association Chief Economist Mike Fratantoni joins Wealth! to give insight into the housing industry and … Read more