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How exactly does our central bank control the cost of borrowing in the first place?
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Simple tips to improve your chances of having your mortgage application accepted.
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Feel like you’re drowning in debt? Owing money can sometimes be challenging, but not all debts should keep you awake at night.
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Small adjustments can make a significant difference.
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Being financially resilient means you aren’t left financially devastated when an expensive emergency creeps up on you.
A cyclist passes by the Bank of Canada building in Ottawa on July 11, 2023.
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An economist explains what the Bank of Canada’s interest rate hike to five per cent means for Canadians.
Homebuyers are receiving something of a holiday gift in falling mortgage costs.
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The cost of borrowing for a home has fallen in recent months, despite repeated increases of the benchmark interest rate. An economist explains the seeming paradox.
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As with any major financial decision, you need to understand how the renovation fits with your broader life goals. Why do you want to do it?
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While authorities such as the Reserve Bank often see them as risky, interest-only loans can be helpful in some circumstances.
Homebuyers in China have been refusing to make mortgage payments.
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China’s mortgage strikes are affecting its economy but won’t cause global contagion.
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Banks typically do not want their customers to default on property and have processes in place to help reduce the risk of this happening.
Households will feel the effect of rate rises as the Bank of England tries to slow inflation.
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The latest on the UK base rate rise and how it might affect your finances
On top of struggling to pay rent and mortgage, seniors are having trouble affording basic necessities.
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Canadians need to take steps to better address the financial insecurity of seniors. Otherwise, Canada may encounter a growing tide of desperate seniors in the near future.
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Depending on circumstances, it may be time to re-think the bias to paying down housing debt over wealth accumulation in super. At least to do the sums, so you can make an informed choice.
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As a former financial counsellor and former consumer credit educator for ASIC, here’s what I think you need to know if you’re considering mortgage deferral, rent relief or bankruptcy.
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The use of big data by companies, even when perfectly legal, can harm people.
The prudential regulator has a history of doing too much, too late.
Combined, APRA and the Reserve Bank are about to give households on $150,000 up to $120,000 more borrowing power.
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A new study looks at the pure financial return of UK home ownership over 40 years to find consistently positive results.
Justice Perram has decided that some things are more important than quick settlements.
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Negotiated deals between ASIC and alleged wrongdoers leave us in doubt as to the reach of the law.
The 2008 financial meltdown caused millions of Americans to lose their homes, and the austerity measures that followed only widened income inequality and helped fuel the rise of right-wing populism.
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Right-wing populists have exploited key weaknesses in liberal democratic society that were exacerbated by the failure of political leaders to respond effectively to the 2008 financial crisis.