Years of rising home prices have left American homeowners with more housing wealth than ever, yet many are choosing not to borrow against it.
Bank of England data show mortgage approvals dropped in August as borrowing costs rose, while diesel prices approached a new record high, the Guardian reports.
The Reserve Bank of Australia is expected to hike its cash rate to its highest level in over a decade, adding pressure to mortgage repayments and house prices, according to The Guardian.
The anticipated increase would mark the fourth rate rise of 2026 and add to mortgage repayments for Australian households.
Adjustable-rate mortgages saw increased demand as borrowers sought lower monthly payments amid rising interest rates, CNBC reported.
A BBC Business video segment examines whether homeowners should save cash or put extra money toward their mortgage if interest rates increase.
Applications for mortgages fell 4.1% as borrowing costs rose amid elevated inflation and energy prices.
Higher bond yields may push up interest rates for mortgages and business loans, according to BBC analysis.
Homebuyer mortgage applications have fallen sharply amid a surge in interest rates, according to market data.
A Federal Reserve rate increase is anticipated, which will have downstream effects on mortgage rates and borrowing costs for consumers.
Fannie Mae and Freddie Mac have authorized lenders to adopt the alternative credit-scoring model.
The share of UK home loans requiring no deposit has reached its peak in over 15 years, according to BBC reporting.
The Bank of England's interest rate decisions ripple through mortgage, loan, and savings rates for millions of consumers.
Borrowers are increasingly turning to adjustable-rate mortgages as traditional mortgage rates continue to rise.
Major lenders have increased rates on new mortgage deals in recent days, forcing borrowers to make immediate decisions.