The entire mortgage application volume has recorded an increased valued at 1.6 percent last week in comparison with the penultimate week. The increased interest rates may be the factor behind the return of the borrowers to their brokers. The average contract interest rate for 30-year fixed-rate mortgages with corresponding loan balances increased to its highest level for the first time … Read the rest
Wealthiest Scandinavians anticipate a number of rate increases
The Central Bank of Norway could begin the process of increasing interest rates for the first time in seven years as it bounces back from its worst oil turmoil in a generation. It is important to note that Norway is the Scandinavia’s most prosperous economy.
Based on the survey conducted by Bloomberg on 23 economists, policymakers in Oslo are ready … Read the rest
South Africa to see higher rates as central banks avert emerging markets
This week, investors have their hopes on crucial central bank decisions in some of the emerging markets that have been hit adversely for a prolonged reprieve from the latest collapse.
With the way Russia and Turkey took traders by surprise with more hawkish-than-expected policies, there is likelihood that the South African Reserve Bank will also increase its interest rates on … Read the rest
Atlanta’s Federal Reserve Bostic: “Gradual increase in nominal interest rates over the next few quarters”
According to the statement made by Atlanta Federal Reserve President, Raphael Bostic on Thursday, the Federal Reserve will persist in the raising of the interest rates for the next several quarters in the face of lower unemployment rates as no sign inflation is about to start.
Bostic, who is currently a voter on economic policy, has been indecisive on the … Read the rest