Hints and tips:
Related Special Reports
...“We see sticky services inflation. We see a resilient labour market....
...He warned that households might also be put off longer-term mortgages by the price: “The likelihood is [a 30-year mortgage] might cost more than a two-to-five year deal.”...
...Some quoted mortgage rates have edged up since February because of sticky services inflation, a move reflected in the month-on-month drop registered by Nationwide in March....
...The improvement in the housing market could also boost output in construction, spending on housing-related goods and services and household confidence, helping the wider economy....
...Although mortgages are a substantial portion of household debt, mortgage debt service ratio is expected to only increase 4.5 per cent of household disposable income in 2025 from 4 per cent in 2022....
...Officials said the proportion of households falling behind on mortgage payments was likely to increase from the current level of about 1 per cent, as the impact of past rate increases hits borrowers when...
...That pledge was made possible by his insistence that affordable housing funding be incorporated into the region’s latest devolution deal, according to Street....
...The second quarterly ONS household cost index is based on how much different households spend on goods and services....
...“The sharp increase in credit card rates and the resumption of student loan payments will drive non-mortgage household debt service to historic highs in 2024,” said Olu Sonola, head of US regional economics...
...If they charge an additional fee, what additional services does it buy you? The key things to question are communicating after hours, and the level of aftercare you can expect....
...The headline inflation rate, by contrast, reflects price growth of goods and services consumed by all UK households....
...Further interest rate cuts and liquidity injections would help lower the mortgage and corporate debt service burden and, together with looser credit policies, drive credit demand....
...At the end of 2023, about 70 per cent of mortgage holders had rates more than 3 percentage points below the market rate....
...“For households across Europe, high living and borrowing costs mean fewer people are buying houses, which means mortgage lending is falling to the lowest level in a decade.”...
...Weak spending will raise concerns over the rebound in activity seen in other economic data, such as mortgage approvals and business sentiment....
...What should I do with my mortgage? Economic cycle: Are Jeremy Hunt’s plans really a ‘Budget for growth’?...
...The cost of toys, medical services and some financial services have largely stagnated over the past two years....
...Households in the bottom 20 per cent by income and wealth were “struggling to make ends meet” and “adapting their spending significantly”....
...Rates on popular mortgage deals have been coming off their 15-year peak since June, easing the squeeze on households who need to remortgage or sign new borrowing deals....
...In the US, a homeowner faced with swapping a low-rate mortgage for a new home at today’s much higher rates could opt for a new benefit, known as a mortgage interest differential allowance, to ease the financial...
...Sunday’s Super Bowl has become the US’s most watched broadcast since the 1969 Apollo moon landing with a record 123mn US households tuning in, emphasising the enduring attraction of live sports....
...“It’s not surprising that in the current environment, some clients are drawing down on their investments to pay bills or reduce debts given the pincer-like squeeze on household finances from rising prices...
...Normal service will resume on Monday April 8. ‘What sense is being a billionaire if you’re not a bully?’...
...“Prices are still high, the tax burden is the highest it has been in 70 years and mortgage payments are going up,” she said....
...The economy largely stagnated through last year, reflecting the impact of high prices and interest rates on household finances and business activity....
International Edition