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Bank of England Keeps Rates at 15-Year High

Bank of England Keeps Rates at 15-Year High

by Phil Hall | Nov 2, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

The Bank of England’s Monetary Policy Committee (MPC) voted 6–3 to maintain its Bank Rate at 5.25%. This marked the second consecutive MPC where the rate was not increased – the rate is at its highest level in 15 years. The three dissenting MPC members sought to...
Federal Reserve Holds Rates Steady

Federal Reserve Holds Rates Steady

by Phil Hall | Nov 1, 2023 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Federal Reserve kept its finger on the pause button and opted against a new rate hike. The central bank’s policymaking Federal Open Market Committee unanimously approved this decision. In a statement, the Committee said it would maintain the target range of the...
How Will Another Rate Hike Impact Canadian Mortgage Holders?

How Will Another Rate Hike Impact Canadian Mortgage Holders?

by Phil Hall | Oct 20, 2023 | Current News & Events, International Real Estate News, Real Estate News, WRE News Exclusive

More than one-third of Canadians with a mortgage will have to make changes to their financial situation — including housing and employment – if the Bank of Canada enacts another rate hike, according to a survey from the personal finance site WealthRocket. The survey...
Federal Reserve Holds Rates Steady

Federal Reserve Hikes Rates to 22-Year High

by Phil Hall | Jul 26, 2023 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The Federal Reserve announced another hike in the federal funds rate that brings it to a 22-year high. The central bank’s policymaking Federal Open Market Committee (FOMC) voted unanimously on a quarter-percent increase that brings the rate range to 5.25% to 5.5%. In...

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