Reserve Bank of Australia keeps interest rates unchanged at 1.50%

At its meeting today, the Australian Reserve Bank decided to leave the cash rate unchanged at 1.50 per cent. The broad-based pick-up in the global economy is continuing. Labour markets have tightened further in many countries and forecasts for global growth have been revised up since last year. Above-trend growth is expected in a number of advanced […]

Australian Reserve Bank keeps interest rates unchanged at 1.50%

At its meeting today, Australian Reserve Bank Board decided to leave the cash rate unchanged at 1.50 per cent. According to the statement by Governor, by Philip Lowe: The broad-based pick-up in the global economy is continuing. Labour markets have tightened further in many countries and forecasts for global growth have been revised up since last […]

Bank of Canada holds interest rate at 0.5%

The Bank of Canada is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. Inflation is broadly in line with the Bank’s projection in its April Monetary Policy Report (MPR). Food prices continue to decline, mainly because […]

Bank of England holds interest rates at 0.25%

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.  At its meeting ending on 10 May 2017, the Committee voted by a majority of 7-1 to maintain Bank Rate at 0.25%. The Committee voted unanimously to […]

U.S mortgage applications increase in latest MBA weekly survey

Mortgage applications increased 2.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 5, 2017. The Market Composite Index, a measure of mortgage loan application volume, increased 2.4 percent on a seasonally adjusted basis from one week earlier. On an unadjusted […]

Reserve Bank of Australia keeps interest rates unchanged at 1.50%

At its meeting today, the Australian Reserve Bank decided to leave the cash rate unchanged at 1.50 per cent. According to the statement by Governor, by Philip Lowe: Conditions in the global economy have improved over recent months. Both global trade and industrial production have picked up. Labour markets have tightened in many countries. Above-trend growth is […]

U.S mortgage applications decrease in latest MBA weekly survey

Mortgage applications decreased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 17, 2017. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted […]

Australian Reserve Bank keeps interest rates unchanged at 1.50%

At its second meeting for the year, the Australian Reserve Bank decided to leave the cash rate unchanged at 1.50 per cent. According to the statement by Governor, by Philip Lowe: Conditions in the global economy have continued to improve over recent months. Business and consumer confidence have both picked up. Above-trend growth is expected […]

Freddie Mac : U.S mortgage rates break holding pattern, move lower

Freddie Mac has released the results of its Primary Mortgage Market Survey, showing average mortgage rates breaking their month long plus holding pattern and moving lower. 30-year fixed-rate mortgage (FRM) averaged 4.10 percent with an average 0.5 point for the week ending March 2, 2017, down from last week when it averaged 4.16 percent. A […]

Current mortgage rate trends in the U.S

The current average 30-year fixed mortgage rate fell 2 basis points from 3.92% to 3.90% on Tuesday, Zillow announced. The 30-year fixed mortgage rate on January 24, 2017 is down 4 basis points from the previous week’s average rate of 3.94%. Additionally, the current national average 15-year fixed mortgage rate decreased 2 basis points from […]