Tag: rates

Rising rates could ‘bite’ into Australian super, Bank of America warns | VIDEO: Global banks warn…

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Rising rates could 'bite' into Australian super, Bank of America warns

What would it take to put the global economy into a tailspin?

The Bank of America, which is worth roughly $US275 billion ($395 billion), and dependent to a degree on functioning financial markets, is asking itself that question.

Low productivity, excess demand, the boom in artificial intelligence and the Iran war are all pushing up the cost of borrowing.

Despite this, interest rate increases have not yet done too much damage to share markets, property prices, or indeed many advanced economies.

But the Bank of America's head of interest rates strategy, Mark Cabana, has estimated the cost of borrowing, or level of interest rates, that would cause financial damage.

VIDEO: Global banks warns of tipping point for Australian superannuation ar interest rates rise

Global banks warns of tipping point for Australian superannuation ar interest rates rise. What would it take to put the global economy into a tailspin? The Bank of America, which is worth roughly $US275 billion, and dependent to a degree on functioning financial markets, is asking itself that question. The answer, it says, lies is Federal Reserve funds rate above 5 per cent.

Global banks warns of tipping point for Australian superannuation ar interest rates rise. What would it take to put the global economy into a tailspin? The Bank of America, which is worth roughly $US275 billion, and dependent to a degree on functioning financial markets, is asking itself that question. The answer, it says, lies is Federal Reserve funds rate above 5 per cent.

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RBA rate relief more than a year away, leaving family budgets squeezed

Interest rates are unlikely to fall for more than a year, piling pressure on the federal government to restrain spending as family budgets stretch to accommodate four interest rate increases since February.

That was the broad view of 37 economists polled for The Australian Financial Review’s quarterly survey, with the Reserve Bank of Australia only expected to begin cutting rates in November next year as the job market weakens.

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October 5, 2026
US Fed hikes interest rates to curb inflation as Trump calls for cut | Fed rate hike jolts market…

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US Fed hikes interest rates to curb inflation as Trump calls for cut

Kevin Warsh, who was appointed US Federal Reserve chairman by Donald Trump earlier this year, has raised interest rates. (Reuters: Evelyn Hockstein)

The US Federal Reserve has raised interest rates by 25 basis points in order to tackle inflation.

A majority of Fed policymakers expect at least one more rate hike to be necessary before the end of the year.

Financial markets are pricing a more than 80 per cent chance the Reserve Bank of Australia (RBA) will raise rates this month.

US President Donald Trump has called for interest rates to be lowered after the Federal Reserve raised rates in the world's largest economy by 25 basis points.

Fed rate hike jolts markets after it signals a huge shock

The Federal Reserve delivered the quarter-point interest rate hike Wall Street expected Sept. 17.

The big surprise was what came next: Fed policymakers signaled that another rate hike could be coming before the end of the year and potentially more if stubborn inflation refuses to ease.

The reason? Central bank officials are struggling to get stubborn inflation back to its 2% target, a mission that it has yet to accomplish in over five years.

The unanimous 12-0 Federal Open Market Committee decision lifts the Fed's benchmark Federal Funds Rate to a range of 3.75% to 4%.

It marked a renewed push to tighten monetary policy following persistent price pressures fueled by rising energy costs from the Iran War and related economic geopolitical shocks.

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September 18, 2026
Rates strategy shifts as RBA poised to prioritise inflation over jobs | Major bank hikes rates in…

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Rates strategy shifts as RBA poised to prioritise inflation over jobs

The Reserve Bank of Australia looks close to abandoning its goal of protecting employment gains while it addresses inflation as economy wide price pressures remain uncomfortably hot.

Economists say recent data – showing strong economic activity despite three interest rate rises this year, conflict in the Middle East and the impact of the government’s tax changes – had primed the central bank to tame rampant price increases by shifting its approach to focus more on the inflation component of their dual mandate.

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Major bank hikes rates in ‘clear sign’ of RBA’s next move

A major bank has lifted interest rates in a further sign that another hike by the Reserve Bank of Australia is highly anticipated.

ING said it would increase its fixed interest rates for owner-occupier and investor home loans by 0.2 per cent.

This will apply to all fixed rate loans that settle from today.

Richard Whitten, money and home loans expert at Finder, said it was a “clear sign” the bank expected the RBA board to raise the cash rate soon.

“Banks are experts at forecasting and setting interest rates in line with the market,” he told nine.com.au.

“They lower fixed rates when they anticipate interest rates to fall further, and lift them when they expect rates to rise.”

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Macca’s meals and Macbooks: How Australians are getting whacked by inflation

Australia’s inflation woes are spreading out from the fuel sector to everything from discount fast food meals to premium computers, keeping inflation higher as merchants begin to price in costs that they had once tried to absorb.

Over the past year, food and beverage prices rose 3.2 per cent, alcohol prices gained 4.5 per cent, and clothing and footwear increased 4.8 per cent on average, according to the Australian Bureau of Statistics.

“There are a bunch of businesses who haven’t shifted their prices or haven’t shifted them much because they keep hoping price shocks will be temporary,” said independent economist Chris Richardson. “But as this looks more and more like a forever war, businesses will build that into their pricing.”

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September 17, 2026
Mortgage rates climb to highest level in a year | Mortgage and refinance rates today, Monday, Aug…

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Mortgage rates climb to highest level in a year

Five months into the war in Iran, rising oil prices and stubborn inflation are driving mortgage rates to the highest level in a year.

The average 30-year fixed mortgage rate climbed to 6.66% this week, the highest since July of last year, according to Freddie Mac. Thatâs up from 6.58% last week, marking the biggest one-week jump in mortgage rates in 10 weeks.

Just a few months ago, mortgage rates dipped below 6% for the first time in years, fueling hopes that lower borrowing costs would revive the sluggish housing market.

But since the US and Israel began joint strikes on Iran in February, investors have grown increasingly concerned that higher energy prices will keep inflation elevated.

Mortgage and refinance rates today, Monday, August 3, 2026: Still hovering around 6.5%

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According to rates from the Zillow lender marketplace, current mortgage rates and refinance rates for Monday, August 3, 2026, are mixed.

The current 30-year purchase fixed rate today is 6.65%, 8 basis points higher than the current refinance rate. The 15-year fixed purchase rate of 6.01% is even with the 15-year refi rate. The 5/1 ARM purchase rate of 6.65% is 3 basis points lower than the 5/1 refi rate.

Read more: Weekly survey of mortgage lenders with the lowest rates: Pushing higher

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Pending home sales down in the U.S., Utah

Pending home sales in the U.S. are down, recently hitting the lowest level since early April.

In the four weeks ending July 26, the number of seasonally adjusted sales pending nationwide was at 322,739 after a steady decline, new data from the online real estate brokerage Redfin shows.

In just the last week of that time period, sales were down 1.7%.

The drop is due at least in part to rising mortgage rates, Redfin posted. The weekly average rate for a 30-year fixed-rate mortgage in the U.S. climbed to 6.66% as of Thursday, according to the Federal Home Loan Mortgage Corporation, better known as Freddie Mac.

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August 4, 2026
Weekend clearance rates see promising uptick across country | Auction clearance rates rebound to …

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Weekend clearance rates see promising uptick across country

Auction clearance rates are on the rise, bouncing back to their highest level in seven weeks.

Experts predict this could be a promising sign for the property market and potential investors, or those wanting to get a foot in the door.

For perspective, capital cities recorded a combined preliminary clearance rate of 54.8 per cent over the weekend, across 1318 auctions.

However, this time last year, that figure stood closer to 68 per cent, according to data from Cotality, so there is still a way to go.

“I think we are at the beginning of a property downturn, the question is… how long does it go on for,” director of Azura Financial, Tom Hawley told Today.

Auction clearance rates rebound to seven-week high

After three weeks in the sub-50 per cent doldrums, auction clearance rates have bounced back to their highest level in seven weeks as lower volume constrains choice and buyers and sellers acclimatise to the cooling post-budget market.

According to data house Cotality, the preliminary clearance rate across the combined capitals hit 54.8 per cent, a significant jump on last week’s 49.8 per cent, which was revised down to 46 per cent on final numbers.

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July 14, 2026
Auction clearance rates rebound to seven-week high | Auction rates have dropped 30 points since J…

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Auction clearance rates rebound to seven-week high

After three weeks in the sub-50 per cent doldrums, auction clearance rates have bounced back to their highest level in seven weeks as lower volume constrains choice and buyers and sellers acclimatise to the cooling post-budget market.

According to data house Cotality, the preliminary clearance rate across the combined capitals hit 54.8 per cent, a significant jump on last week’s 49.8 per cent, which was revised down to 46 per cent on final numbers.

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Auction rates have dropped 30 points since January, should we be worried?

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The ACT's auction clearance rates have dropped 30 percentage points since the start of the year, but experts in the industry are divided on whether it is any cause for alarm.

Ray White's Kelsey Tracey said the situation was not yet dire – and unlikely to become so.

"Anything over 40 per cent is actually just a really healthy market," Ms Tracey said.

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Auctions quagmire continues

This week, the combined capital preliminary auction clearance rate increased to 54.8%, the highest early clearance percentage in seven weeks, following three weeks of staying below 50%. With last week’s preliminary clearance rate of 49.8% being revised down to 46.0%, the increase is off a low base.

An 8.7% decrease in volume coincided with an increase in the early clearance rate.

Over the course of the week, 1,318 auctions took place, which is 8.0% fewer than the same week the previous year.

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July 12, 2026
Auction clearance rates rebound to seven-week high | Auction rates have dropped 30 points since J…

Explore the latest developments concerning Auction clearance rates.

Auction clearance rates rebound to seven-week high

After three weeks in the sub-50 per cent doldrums, auction clearance rates have bounced back to their highest level in seven weeks as lower volume constrains choice and buyers and sellers acclimatise to the cooling post-budget market.

According to data house Cotality, the preliminary clearance rate across the combined capitals hit 54.8 per cent, a significant jump on last week’s 49.8 per cent, which was revised down to 46 per cent on final numbers.

Gift 5 articles to anyone you choose each month when you subscribe.

Auction rates have dropped 30 points since January, should we be worried?

Your digital subscription includes access to content from all our websites in your region.
Access unlimited news content and The Canberra Times app. Premium subscribers also enjoy interactive puzzles and access to the digital version of our print edition – Today's Paper.

The ACT's auction clearance rates have dropped 30 percentage points since the start of the year, but experts in the industry are divided on whether it is any cause for alarm.

Ray White's Kelsey Tracey said the situation was not yet dire – and unlikely to become so.

"Anything over 40 per cent is actually just a really healthy market," Ms Tracey said.

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Melbourne auctions headed for worst slump since Covid

Melbourne auctions have returned clearance rates below 50 per cent for four weeks straight.

Melbourne is just a fortnight away from its worst run of failed auctions since the Covid pandemic lockdowns.

Experts have warned homeowners will need to lower their price expectations to meet the market if the current slump continues, which could lead to a short-term hit to wider home values.

A total of 561 Melbourne residences are slated to go under the hammer this week, down 4 per cent from a year ago, along with 17 abodes in Victoria’s regional areas.

RELATED: Victorian home building drops to decade low, crisis fears worsen

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July 12, 2026
RBA done raising rates as housing faces tax ‘headwinds’, banks | Three major banks predict in…

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RBA done raising rates as housing faces tax ‘headwinds’, banks

Bank economists are tipping interest rate rises are over and the next move will be down, as a former Reserve Bank of Australia deputy governor warns the housing market faces headwinds from the government’s tax changes.

HSBC on Friday joined ANZ and National Australia Bank in predicting the RBA would not move beyond its three interest rate rises this year and would be on a long hold before cutting rates next year.

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Three major banks predict interest rates to fall next year – as it happened

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Top economists at ANZ, Commonwealth Bank and NAB are now predicting interest rates will not rise any higher this year and will start to fall from the middle of next year.

ANZ today changed its rate call to predict two cash rate cuts in 2027. It had previously expected rates to remain steady for the foreseeable future.

HSBCâs Paul Bloxham also has now changed and expects no change until cuts in late 2027. Bloxham said:

double quotation markInflation is still too high and is set to rise further before it falls. That being said, the RBA has already taken significant action to deal with this surge in inflation â and, critically, the action is working â¦
We expect the RBA to be on hold in June. Although there is some risk the RBA might choose to hike again beyond that, we expect the weakening in growth to convince them to be on hold.

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June 13, 2026
Interest rates and recession: What to know before tomorrow’s RBA decision | The Hormuz hike: why …

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Interest rates and recession: What to know before tomorrow's RBA decision

Hi, I'm business journalist Emily Stewart. I'm here to help you understand how key moments in the economy can affect you.

This week, people with mortgages around Australia will be waiting to see whether or not the Reserve Bank of Australia (RBA) raises interest rates. 🏠 I'll walk you through the factors that can contribute to the decision to change the interest rate and answer your questions. 🤔

If you have a question for me, please reach out. Thanks to everyone who sent questions earlier in the week. I have some answers below.

What: The Reserve Bank of Australia (RBA) board is meeting this week to discuss whether or not to change the cash rate. It is currently sitting at 4.1 per cent.

The Hormuz hike: why the RBA is predicted to deliver a third straight interest rate rise this week

While interest rate rises can’t affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bank’s best – and only – tool to fight inflation

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There’s a nearly 80% chance that the Reserve Bank will deliver a third straight interest rate rise on Tuesday, according to financial markets.

Higher interest rates are always unwelcome for the roughly 3.6m households paying down a mortgage. But a rate rise this week would be particularly galling.

Slammed with higher petrol prices and the broader cost-of-living grind, more than one homeowner will be wondering how paying more interest on their loans will do anything to fix the root cause of the latest inflationary pulse: the Middle East conflict.

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May 4, 2026
Mortgage rates show signs of falling after Iran war peak | ‘Meaningful relief for borrowers’ …

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Mortgage rates show signs of falling after Iran war peak

Major mortgage lenders are making "meaningful" cuts to the rates on new deals, bringing some solace to first-time buyers hit by the economic impact of the Iran war.

Money markets are reacting to hopes of a long-term truce in the war so the recent rapid rise in borrowing costs has halted and is now starting to reverse.

Experts say there is some momentum in mortgage rate reductions, but the situation remains delicate with borrowers still exposed to the possibility of sudden shifts in mortgage costs.

First-time buyers say the change is a relief although the cost of buying a home remains painfully expensive for many at a time when other bills have risen.

‘Meaningful relief for borrowers’ as banks prepare to cut mortgage rates

Santander is reducing mortgage rates being offered to borrowers with smaller deposits from Thursday, raising hopes that similar changes will be made more widely across the market.

The bank said it is able to pass on a reduction in borrowing costs following a fall in swap rates, which are used by lenders to price mortgages.

Meanwhile, TSB is also poised to reduce some of its mortgage rates from Friday.

Looking at Santander’s reductions, they include reducing two-year fixed first-time buyer deals for people with deposits of 5% to 15% by up to 0.28 percentage points.

Selected 5% to 15% deposit five-year fixed first-time buyer rates will reduce by up to 0.17 percentage points.

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April 19, 2026