Half of variable mortgage holders with fixed payments have reached the trigger rate: BoC – National

Half of variable mortgage holders with fixed payments have reached the trigger rate: BoC - National

The Bank of Canada estimates that half of Canadian homeowners who take out an adjustable-rate mortgage with fixed payments have already reached their trigger rate. Hitting a trigger rate means a mortgage holder is no longer paying principal on the loan and is only covering interest, a key point that can prompt the lender to … Read more

The Bank of England raises the rate by 75 basis points, the largest increase in 33 years

The Bank of England raises the rate by 75 basis points, the largest increase in 33 years

A passage near the Bank of England (BOE) in the City of London, UK, Thursday 18 March 2021. Hollie Adams | Bloomberg | Getty Images LONDON – The Bank of England raised interest rates by 75 basis points on Thursday, the largest single hike since 1989, but sounded dovish as politicians tried to mitigate market … Read more