The Latest Breaking News from Interest Rates

Australia's four major banks have all reported a squeeze on margins in their latest results, but that is certain to change as interest rates rise.

Wages have become the latest battleground in the election, with debate raging about how much extra workers can get paid without sending businesses broke and consumer prices soaring.

Homeowners should check their mortgage after the Bank of England put interest rates up again

While house prices are expected to fall nationally as interest rates continue to rise, that won't necessarily improve the plight of first home buyers, according to CoreLogic's latest housing affordability report.

Melcor Developments Ltd. (TSX:MRD) (OTC:MODVF) price target has been lowered to C$18 from C$19 by RBC Capital analyst Tom Callaghan. The analyst maintained the Sector Perform rating on the shares. Callaghan states that there is no change in constructive stance on Melcor Developments following Q1 results. The analyst continues to see several tailwinds in both…

With the cost of living surging and interest rates rising for the first time in more than a decade, a cap on mortgage repayments would come as welcome relief for millions of borrowers. But can it be done and who would end up paying for it?

Australians facing rising interest rates and rising average tax rates have little to celebrate

The Prime Minister says Anthony Albanese's push for wages to keep pace with inflation is "reckless", but Labor says the alternative is for people's pay to go backwards.

Rocket Companies Inc., the Detroit-based parent company of mortgage lending giant Rocket Mortgage, on Tuesday said first-quarter profit was down roughly 63% year-over-year as the mortgage lending industry faces headwinds including rising interest rates.