Weekly mortgage demand from homebuyers is flattening as interest rates rise

Thianchai Sitthikongsak | Moment | Getty Images Mortgage demand is struggling to contend with what appears to be another upswing in interest rates. Homebuyers in particular are pulling back. Total mortgage application volume rose 3.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was all due … Read more

Sydney auctions 2024: Talk of interest rate cuts ahead encourages buyers

Auctioneer Andrew Robertson brings down the gavel at 20 Cope St, Lane Cove today. Picture: Julian Andrews It was the first big auction day of the year and with growing talk of interest rate cuts, agents across Sydney reported renewed enthusiasm from home buyers. Belle Property Lane Cove agent Tim Holgate had seven registered parties … Read more

Global interest after Macquarie banker lists Mosman hidden gem

46 Parrawi Rd, Mosman goes to auction on March 9. One of Mosman’s hidden historical gems, which has been tightly held by a banking heavyweight for nearly 40 years, has just come to market and buyers are already circling. Heritage listed Kilcreggan at 46 Parriwi Rd has heads turning around the globe according to Jonathon … Read more

Jay Powell says Federal Reserve interest rate cuts in March are ‘not base case’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jay Powell moved to cool speculation that the Federal Reserve would begin cutting interest rates as soon as March, saying that was not the “base case” as the central bank considers easing monetary policy this … Read more

Mortgage demand surges more than 10% as lower interest rates lure homebuyers

Prospective home buyers visit a home for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Homeownership feels increasingly out of reach for younger generations of Americans, who are squeezed by student debt and childcare costs in an era of slower economic growth. The pressures come as President Joe … Read more

CRA prescribed interest rate hits double digits: How it affects you

Breadcrumb Trail Links Taxes Personal Finance Jamie Golombek: Interest rate for overdue taxes is now 10% Published Jan 18, 2024  •  Last updated 2 days ago  •  5 minute read The CRA’s interest rate on tax debts, penalties, insufficient instalments, unpaid income tax, Canada Pension Plan contributions and employment insurance premiums is 10 per cent for … Read more

IMF official warns central banks against fuelling market hopes for rapid interest rate cuts

Stay informed with free updates Simply sign up to the Global inflation myFT Digest — delivered directly to your inbox. A top IMF official has warned central banks need to move cautiously on cutting interest rates this year, as market expectations of looser monetary policy could fuel another flare-up of inflation. Gita Gopinath, the first … Read more

Mortgage demand jumps nearly 10% to start the year, even as interest rates tick up again

A “For Sale” outside a house in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg | Getty Images Mortgage rates moved a little bit higher last week, for the second … Read more

T-bill yield steady but SSB interest rates fall

Happy new year!  We started 2024 by checking out the latest fixed deposit rates, which indicated that most banks maintained or lowered their interest rates in January. This may not come as too much of a surprise, as bond yields have been falling in recent months.  Likewise, the latest Singapore Savings Bond (SSB) offers a … Read more

Investors reduce bets on interest rate cuts in 2024

Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Investors have scaled back their wagers on interest rate cuts this year after economic data and warnings from central bank officials poured cold water on a market that had got “way ahead of itself” late … Read more