Australia’s central bank could be finished with interest-rate reductions as private-sector activity picks up and buoyancy returns to consumers, according to Citigroup’s top domestic banker. https://t.co/KGCxkWA6ot ...

🇺🇸 UPDATE: Markets are pricing in a 98.3% chance of a Fed rate cut to 3.75–4.00% at the October 29 meeting. https://t.co/JiYhbTNIIj ...

🇺🇸 UPDATE: Markets are pricing in a 98.3% chance of a Fed rate cut to 3.75–4.00% at the October 29 meeting. https://t.co/tbIi7r136p ...

Inflation & Interest Rates - India's inflation eased below the central bank's target range for the second time this year [1] - This strengthens the case for an interest rate cut [1] Economic Growth & Trade - Economic growth faces pressure from high US tariffs on Indian goods [1]

Well, refinancing a mortgage allows a homeowner to trade in their existing loan for a new one with better terms like a lower principal, interest rate, or monthly payment. But there is a cost to refinancing. Here to break down what homeowners can expect to pay, Yahoo Finance personal finance editor Laura Grace Tarpley.So, Laura Grace, what are some of the closing costs that people have to be aware of with refinancing. >> Hi, Julie. Yeah.So, like you just said, when you refinance your mortgage, what you're ac ...

Core Insights - HELOC rates have been gradually decreasing, currently averaging 7.75%, marking a three-basis-point weekly decrease and a 19-basis-point drop over the past three months [1][2] - Homeowners have over $34 trillion in home equity, the third-largest amount on record, indicating significant potential for HELOC utilization [2] - With mortgage rates above 6%, homeowners are likely to retain their low-rate primary mortgages, making HELOCs an attractive alternative for accessing home equity [3] HELOC Rate Determination - HELOC interest rates differ from primary mortgage rates, typically based on an index rate plus a margin, with the current prime rate at 7.25% [4] - Lenders have flexibility in pricing HELOCs, influenced by credit scores, debt levels, and home value, making it essential for borrowers to shop around for the best rates [5] HELOC Functionality - A HELOC allows homeowners to access equity without giving up their low-rate primary mortgage, providing flexibility in borrowing and repayment [6][9] - The ability to draw only what is needed from the credit line means interest is only paid on borrowed amounts, enhancing financial efficiency [9] Current Market Conditions - LendingTree offers HELOCs with APRs as low as 6.49% for a $150,000 credit line, but borrowers should be aware of potential rate fluctuations [8] - Rates can vary significantly among lenders, ranging from just below 6% to as high as 18%, depending on individual creditworthiness [10] Strategic Considerations - For homeowners with low primary mortgage rates and substantial equity, now is considered an optimal time to obtain a HELOC for various uses, including home improvements or personal expenses [11] - Monthly payments on a $50,000 HELOC at a 7.75% interest rate would be approximately $323 during the draw period, but borrowers should be mindful of variable rates and potential payment increases during the repayment phase [12]

Governor Vitai Ratanakorn said the Bank of Thailand still has policy space to cut a benchmark interest rate that is already among the world’s lowest https://t.co/RkHZBGh1oS ...

The National Bank of Kazakhstan raised the key rate by 150 basis points to 18% on Friday https://t.co/025YaxUG1c ...

JUST IN: 🇺🇸 New York Fed President John Williams calls for more interest rate cuts this year. ...

Mexico’s annual inflation accelerated slightly less than expected last month, staying below the top of the central bank’s target range after policymakers delivered a 10th straight rate cut late last month https://t.co/pXslqvyS5h ...