Articles about Mortgage

• The U.S. economy faces 'real risk' of recession following four weeks of war in Iran, with major indexes like S&P 500, Dow, and Nasdaq down sharply and energy stocks up 25%. • Inflation pressures have driven 30-year fixed mortgage rates to 6.5%, up 0.5 points, while businesses cannot expect Federal Reserve rate cuts soon. • Stock portfolios and retirement accounts have suffered ugly losses, compounded by higher gas prices and persistent high interest rates.

Investors believe Bank of England is likely to act amid sustained rise in inflation from Iran warBusiness live – latest updates‘Trumpflation’: how the Iran war’s economic storm could affect BritonsThe Bank of England will raise the cost of borrowing four times this year, pushing UK interest rates from 3.75% to 4.75% amid the conflict in the Middle East, according to financial market speculators.In a blow to mortgage payers, international investors are betting that the UK is vulnerable to a sustained rise in inflation after the US-Israel attack on Iran. Continue reading...

Move follows the granting of a worldwide asset freezing order on company’s founder, Paresh RajaWhat is the £1.3bn MFS mortgage scandal and what is private credit?The UK’s financial regulator has launched an investigation into Market Financial Solutions (MFS), the mortgage lender that collapsed last month amid allegations of fraud.The move follows the granting of a £1.3bn worldwide asset-freezing order on MFS founder Paresh Raja on Wednesday, as creditors successfully gained court orders in London and Dubai barring the tycoon from dissipating assets. Continue reading...

Nearly 700 deals pulled in two weeks and only a few fixed-rate products below 4% are available, says MoneyfactsBusiness live – latest updatesBritons taking out a new home loan face paying nearly £800 a year more on average than before the Iran war as “Trumpflation” pushes up UK mortgage rates, according to Moneyfacts.Nearly 700 mortgage deals have been pulled by lenders as the economic fallout from the war results in the biggest upheaval since the aftermath of Liz Truss’s disastrous mini-budget in 2022. Continue reading...

Reserve Bank of Australia’s second consecutive increase lifts cash rate target to where it was in February last yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has increased interest rates amid a global energy shock that threatens to push Australian inflation towards 5%.The hike takes the RBA’s cash rate target from 3.85% to 4.1%, back to where it was in February 2025, wiping out the relief offered by two cuts last year. Continue reading...