interest rates

Business

Americans bought homes at the slowest pace in 16 years last month, and prices still went up

Sales of existing homes in the United States fell 5.5 per cent in October to an annual pace of 3.75 million, the lowest since…

Yesterday 3 min read

Premium Business

Buy now or wait for ANZ’s 2028 bottom? On a $750,000 home a year of waiting is worth $64,800, and a 2.2 per cent rise flips it

ANZ told parliament on Thursday that house prices will fall about 13.5 per cent from peak to trough and steady in 2028, which leaves…

3 days ago 9 min read

Business

Britain’s economy has its best quarter since early 2024, and the statisticians say AI is part of the reason

The UK economy grew 0.7 per cent in the three months to September, its strongest calendar quarter since the start of 2024, the Office…

3 days ago 3 min read

Business

Westpac is funding 30 per cent fewer housing builds, ANZ sees prices falling until 2028, and an MP puts their mortgage profit at $234 a week

Two of Australia's biggest banks told parliament on Thursday that falling house prices have not made homes easier to buy, and that the country…

3 days ago 3 min read

Premium Business

A half-point Fed hike adds US$500 a year to a US$100,000 HELOC. A US$10,000 card balance costs that in under 12 weeks

The Federal Reserve is all but certain to raise rates on 9 December, and a voting governor has put a half-point rise on the…

3 days ago 8 min read

Premium Business

One missed month costs a $50,000 saver $219: the bonus-rate fine print after Macquarie’s $14 million penalty

Macquarie's admission that its "bonus" welcome rate was not a bonus has put savings account fine print in the spotlight, just as banks pass…

4 days ago 8 min read

Business

CBA makes $2.8 billion in three months, as more borrowers fall behind and new home lending suffers its worst quarter on record

Commonwealth Bank's cash profit rose 8% to about $2.8 billion in the three months to September, but the share of its home loans more…

4 days ago 3 min read

Business

Macquarie called it a “bonus” rate for new savers. It has now admitted it was not, and agreed to a $14 million penalty

Macquarie Bank has admitted that the "Welcome Rate" it promoted to new savings customers did not work the way it sounded, and has agreed…

4 days ago 3 min read

Business

A Fed governor sets a test for a half-point hike, October’s inflation passes it, and the Aussie dollar takes the hit

US Federal Reserve Governor Christopher Waller said on Tuesday that a half-point rate rise should be considered in December if core inflation came in…

4 days ago 3 min read

Business

Mortgage holders hit their gloomiest mood since 1994 as consumer sentiment sinks to a four-year low

Australian consumer sentiment fell 2.7% to 78.2 in November, its third straight monthly fall and the lowest reading since late 2022, the Westpac-Melbourne Institute…

5 days ago 3 min read