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Search results for: "Interest rate". 4 articles found.

We never would have bought': Australian mortgage holders feel the pain as interest rates rise again

The Guardian - 2 hours 34 min ago
The RBA's widely anticipated decision marks the end of the shortest rate-cutting cycle in the reserve's modern history, hitting mortgagees hard Get our breaking news email , free app or daily news podcast As the RBA lifted the official interest rate on Tuesday, one regional New South Wales couple said the dream of building a home has turned into a financial "hustle" they no longer want to maintain. After the pair, 25 and 26, settled on land in September 2022, rising rates and cost...
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Monthly insurance costs cut by 157m a year after premium finance rates fall

The Independent - 7 hours 21 min ago
The FCA said interest rate premiums on monthly motor and homes insurance policy payments have fallen by 4.1 percentage points on average since 2022.
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Australia's central bank raises interest rate to 3.85% after 3 cuts

ABC News - 10 hours 27 min ago
Australia's central bank has lifted its benchmark interest rate by a quarter percentage point to 3.85%, after three rate cuts last year and as inflation surges...
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RBA interest rates decision: Reserve Bank increases cash rate to 3.85% in blow to mortgage holders

The Guardian - 12 hours 44 min ago
Shortest rate-cutting cycle in the RBA's modern history ends after unexpected jump in inflation Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The Reserve Bank has hiked rates for the first time in over two years, with mortgage holders to bear the brunt of dealing with an unexpected jump in inflation through the second half of 2025. The RBA monetary policy board announced on Tuesday at the end of its two-day meeting that the...
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