Thursday September 24, 2020

Borrowers hold their breath

The outlook for mortgage-holders has rarely been so uncertain. Cliff Taylor explains why.

15th March, 2008

The outlook for mortgage-holders has rarely been so uncertain. Cliff Taylor explains why.

{ "#" : "Mainly because of the general uncertainty that has hit the world economy and the financial markets. The US economy has headed into recession, prompting its central bank, the US Federal Reserve Board (Fed), to slash interest rates." , "b" : "Why is there such confusion about interest rates?"}

It has cut its key rate from 5.25 per cent to 3 per cent and is...

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