lending

Rising Mortgage Rates: What to Expect in December 2024?

3 months ago

Recent studies indicate that mortgage rates in the United States continue to climb, raising concerns among potential homebuyers. As of December 26, 2024, the average rate for a 30-year fixed mortgage has reached 7.45%, marking a significant increase compared to previous months. Experts note that such high rates may severely limit housing affordability for many families, particularly those planning to buy homes before winter.

UK Households Expect Rate Cuts for the First Time Since 2008

7 months ago

For the first time since 2008, UK households are beginning to anticipate cuts in interest rates. This marks a notable shift in financial sentiment, given the prolonged period of rate hikes in response to inflation and economic challenges. A survey conducted among the public shows that over 40% of respondents predict that the central bank will lower the base interest rate within the next 12 months. This expectation is linked to easing inflationary pressures and steady economic growth, allowing the central bank to consider monetary policy easing.

Danish Central Bank Cuts Interest Rate by a Quarter Point

7 months ago

The Danish central bank has announced a reduction in its interest rate by 0.25% to align its monetary policy with that of the European Central Bank (ECB). This decision reflects an aim to maintain economic stability in a continuously changing financial climate and to remain attractive amid global economic fluctuations. Following the ECB's recent initiatives to tighten monetary policy, Denmark has decided to adjust its rates to ensure control over inflation and support economic growth.