The Latest Breaking News from Interest Rates

The new prime minister began September promising a ‘new era’ for Britain. One economic crisis later, she has delivered

The fourth straight increase is part of the central bank’s effort to tame stubbornly high inflation.

Shares of online real estate services company Opendoor Technologies (OPEN) have plummeted more than 75% in price year-to-date with the cooling down of the housing market amid rising interest rates. Furthermore, the company is expected to incur huge losses in the upcoming years. Hence, with the Fed signaling aggressive rate…

We are rapidly starting to see what a “mortgage bombshell” might look like. Thousands of Londoners have been warned they could pay more than £10,000 a year extra if interest rates rise to six per cent.

The UK remains a nation of homeowners, with two-thirds of all dwellings belonging to the people who live in them. But as interest rates swiftly rise, there are fears that many of those households will soon find their mortgage payments unaffordable.

There has been a sharp rise in mortgage costs as interest rates soar

Warning as Prime Minister and Kwasi Kwarteng held OBR talks

Estate agents said that there could be some renegotiations amid a backdrop of rising interest rates, which could lead to house prices softening

Borrowing costs at their highest level in 14 years