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The Latest Breaking News from Interest Rates

Commentary: How Fed-induced inflation is battering your wallet

A common sound bite today is that the Federal Reserve’s recent interest rate hike is pushing the nation toward recession. But that’s like beginning a book on page 813. The origin of today’s economic malaise is prolonged and massive federal budget deficits, combined with a Fed willing to finance those…

Tribune News Service

Couple say they will consider selling up and renting as mortgage rises by £250 a month

A Tory former secretary to the Treasury has said the Government has caused a 'crisis'

Manchester Evening News

£220 warning to anyone with mortgage repayments

Interest rates are forecast to skyrocket, and it'll have a huge impact on mortgages

Liverpool Echo

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Martin Lewis struggles to advise This Morning viewer as he warns of ‘mortgage ticking timebomb’

The MoneySavingExpert founder admitted that he didn't know how to answer the caller's concerns as he said that rising interest rates would prove 'catastrophic'

Chronicle Live

Alan Kohler: The RBA has done enough – it would be reckless to keep hiking rates

The RBA has already done enough: it would be reckless, heartless and dangerous to keep raising interest rates, Alan Kohler writes.

The New Daily

Tamil Nadu raises funds through long-tenure bonds, amid higher interest rates

The State government raised ₹6,000 crore on Tuesday through bonds of over 20 years

The Hindu

Money Saving Expert Martin Lewis stuns viewers admitting he has no answer to financial crisis

Mortgage interest rates could soon hit 6% - hammering households

Evening Standard

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Martin Lewis fights back tears over worry mortgage increase will be 'catastrophic'

Martin Lewis appeared on This Morning and told viewers that the increasing interest rates 'would be catastrophic' for many people.

Daily Mirror

Join us LIVE as experts explain future of mortgages and savings as interest rates to rise

Mirror business editor Graham Hiscott will be joined by Mirror Money reporter Sam Barker today (September 29) at 1pm to run through everything you need to know about a series of worrying financial announcements

Daily Mirror

Only a U-turn by the government or the Bank of England will calm UK financial markets

The Bank of England has promised to take action to calm the financial market mayhem that has followed the announcement of major tax cuts by the UK government.

The Conversation

Bank’s intervention may not mark the end of market mayhem

Bank of England’s fourth round of QE could still fail to calm markets and be followed by an emergency interest rate rise

The Guardian - UK

Landlords could ‘pass on’ rising mortgage costs to renters and spark homelessness surge, charity warns

Mortgage providers have begun raising interest rates to levels not seen since the 2008 financial crisis

The Independent UK

Martin Lewis details how much your mortgage will rise if interest rates increase again

After warnings of a potential further rise in interest rates, the money saving guru has explained how this could affect homeowners and their mortgages

Wales Online

Bank of England launches urgent bond-buying programme to avoid 'material risk' to UK economy

'The Bank of England stands ready to restore market functioning and reduce any risks from contagion'

Birmingham Post

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Daily Mirror

House prices 'could fall by up to 15% next year' as markets rattled by Mini-Budget

House prices are set to fall next year as fewer people buy property amid more expensive homeloans, higher interest rates, rising inflation and the risk of recession

Chronicle Live

Martin Lewis explains how interest rate rise could affect your mortgage

The consumer champion has looked into mortgage payments and what you should do if you're a homeowner after a warning over interest rate rises

Daily Record

Nicola Sturgeon warns UK is in 'financial crisis' and result could be worse than 2008 banking crash

The First Minister said it was inevitable there would be a sharp rise in interest rates - which would hit Scots with mortgages and credit card debt hard.

Evening Standard

Would-be homeowners giving up on dream amid fears interest rates will soar

There is speculation the Bank of England may have to jack interest rates to as high as 6%

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Daily Mirror

Your mortgage questions answered - what to do next if you're on a fixed or variable deal

The mortgage market have been spooked by the Mini-Budget, with lenders pulling deals over fears that interest rates could hit 6% next year - here's what you need to know

Daily Mirror

Martin Lewis explains how much your mortgage will go up by if interest rates rise again

Martin Lewis has delved into what you should do next if you're a homeowner, after it was warned that interest rates could jump to 6% next year - putting more pressure on mortgages

Fortune

High-yield savings accounts: help grow your money faster

High-yield savings accounts offer much higher interest rates than standard deposit accounts, but you might have to meet requirements to get a great rate.

Evening Standard

London politics LIVE: Treasury minister says ‘we’ll press on with tax cuts’ as Tory backlash grows amid markets turmoil

Tory MP slams ‘inept madness’ in Chancellor’s mini-Budget - but Treasury minister rejects calls for U-turn

Manchester Evening News

"I’d be worried if I were selling my house now": The state of Greater Manchester's property market during uncertain times

With fears of interest rates rising again, mortgage lenders are pulling deals - but what does this mean for first-time buyers and homeowners in Greater Manchester?

Al Jazeera

Asian shares tumble after wobbly day on Wall Street

Indexes slump in China, Japan, South Korea and Australia as investors weigh prospect of a possible global recession.

The Guardian - AU

A global recession looks increasingly likely – but here’s how Australia could escape it

If the US pushes up interest rates to the point where it’s about to bring on a recession, Australia would be well advised to stand back and not lift rates

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