Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Last week, both the Federal Reserve in the United States and the Bank of England have announced a 0.25% interest rate hike. This move comes in response to rising inflation and a strengthening economy. While interest rate hikes may be good news for savers, they can also have a significant impact on the mortgage and property market. Join me online on my free live training Wednesday at 8.00PM. https://bit.ly/3QPp8IH One of the most immediate impacts of the interest rate hike will be on fixed-rate mortgages. These mortgages are often preferred by buyers because they provide a predictable monthly payment over the life of the loan. However, when interest rates rise, the cost of borrowing increases, which means that fixed-rate mortgages will become more expensive. This may make it more difficult for some buyers to qualify for a mortgage, or force them to adjust their budget to afford a higher monthly payment. Watch video version - https://youtu.be/wgEq0y4X5Xw The interest rate hike could also impact the demand for h