Money

Mortgage rates soar to 7.49%, stifling homebuyer dreams

Published

7 months ago

October 6, 2023

ticker NEWS

Mortgage rates in the UK have surged to an astounding 7.49%, making homeownership a distant dream for many prospective buyers.

This staggering increase in interest rates has left potential homebuyers grappling with the harsh reality of unaffordability, as housing costs continue to spiral out of reach.

The sudden spike in mortgage rates can be attributed to a series of factors, including inflationary pressures, global economic uncertainties, and central bank policy adjustments. The once-promising property market now appears daunting, with the average household struggling to meet the financial demands of owning a home.

As mortgage lenders tighten their lending criteria, securing a home loan has become an uphill battle, further compounding the housing crisis. The dream of homeownership now feels more like a distant mirage, with many forced to delay their plans or settle for less than ideal housing options.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

3 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

4 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending