Many Manitobans Renewing Mortgages in Coming Months, Facing Higher Payments

Many Manitobans renewing mortgages in coming months, facing higher payments

If you have a mortgage, it’s likely a source of some financial stress—particularly if its term is expiring this year or next. Bank of Canada data shows that 60 per […]

What the interest rates cut means for mortgages, pensions and savings

Changes to the Bank's base rate can affect mortgage and savings rates.

UK interest rate cut: what does it mean for mortgages and savings?

Base rate reduction to 4% will hit some savers, but people with tracker home loans will see immediate benefit• Bank cuts interest rate for fifth time in a year• Business live – latest updatesThe Bank of England has cut interest rates from 4.25% to 4%. It is the fifth reduction in a year and takes rates back to where they were in March 2023. Continue reading...

Interest rates live: Mortgage boost as Bank cuts rate for third time this year

Monetary Policy Committee members are likely to vote on a cut down to 4 per cent which will hamper savings but boost the mortgage market

Interest rate hesitancy gives little hope for optimism

After weeks of gloom, a bit of good news from the Bank of England - but not a lot.