BOE raises interest rates to 1.75%

The voice of the UK mortgage i... The voice of the UK ... | 1 year ago

This is the highest rate rise since 1995, and the greatest increase since the central bank was given control of the crucial decision. The move aims to help counter rising inflation, which the BOE predicts will hit 11% before year end. It stood at 9.4% in June. This is the sixth time the Bank’s Monetary Policy Committee has raised the base rate since December 2021, the most recent being a rise of 25 basis points to 1.25% in June. if ($(window).width()

Amazon news raises new recession red flag

housingwire housingwire | 1 year ago

Two significant things happened Friday: the BLS reported that the U.S. created 428,000 jobs in April, and I had to raise another recession red flag. Here's the scoop on both. The post Amazon news raises new recession red flag appeared first on HousingWire.

Rising Interest Rates Bring Anxiety to Commercial Property Lending

propmodo propmodo | 1 year ago

The past several years have been great for commercial real estate. Even amid an unprecedented global health crisis, supply chain woes, and rising construction costs, overall, commercial real estate has proven to be a solid, valuable investment. Commercial property values have benefited from historically low-interest rates, which bottomed out at 2.68 percent in December 2020. But with continued inflation and worsening market conditions, the Federal Reserve has made several rate hikes, a move that...

California Condo Raises Fire Insurance By 1000% | HOAM News

hoamanagement hoamanagement | 1 year ago

A California condo raises fire insurance rates by approximately 1000%, thereby angering and confusing multiple residents. The increase happened in just three years, making it even more puzzling for condo owners. Prone to Wildfires Cimmaron Oaks is a condominium complex located in a wildfire-prone area of Castaic, understandably requiring fire insurance coverage. However, residents are wondering why insurance premiums have gone up from $37,000 per year in 2019 to nearly $430,000 in 2022. Resid...

Inflation & Interest Rate News: The Ugly Truth Investors NEED to Know

Business & Economy Website Business & Economy W... | 1 year ago

Inflation and interest rates—two things we rarely talk about when the market is going smoothly. Just this week, the Federal Reserve made some stark moves surrounding interest rates with the hope of cooling down the rampant inflation we’re experiencing. But what exactly is causing all this inflation and are interest rates really going to change anything? Welcome to a bonus “On The Market” update from your favorite data deli nerd, Dave Meyer, who serves you fresh salami and cheese similes ...