Worldwide Financial Planning

Markets started with a bit of new year hangover and slightly weaker jobs data in the US and accelerating inflation in the Eurozone added to the sense that the pre-Christmas enthusiasm for rate cuts was overdone.

For a complimentary mortgage meeting with our mortgage director, please email Worldwide's Mortgage Director Pat Greene on pgreene@wwfp.net or call 01872 222422.

With this column comes a complimentary mortgage review with the Worldwide Financial Planning Mortgage Director, Pat Greene. Pat will also be able to provide you with the latest copy of our Mortgage Interest Rate Guidance Report.

With this column comes a complimentary mortgage review with the Worldwide Financial Planning Mortgage Director, Pat Greene. Pat will also be able to provide you with the latest copy of our Mortgage Interest Rate Guidance Report.

An end to the interest rate hiking cycle would be welcomed by US consumers, who have seen new US mortgage rates spend four weeks above 7% for just the third time this century. Despite this, new home loan applications increased by 2.3% in the week ending August 25.

While the market is easily fooled by headlines so too, unfortunately, are central banks. The true state of the economy won’t be clear for months so policy makers have to make do with the data they have, while the impact of today’s decisions won’t be apparent for another year.