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    UK interest rates: How does a rise affect me?

    The interest rate has been raised for the sixth consecutive time from 1.25% to 1.75%. The Bank of England decided to raise interest rates by half a percentage point, making it the biggest increase in 27 years. The move was made to slow the pace of...

    US mortgage rates hit 14-year high as inflation soars

    The cost of a typical U.S. mortgage has reached its highest level since the 2008 financial crisis as the country struggles to contain soaring home prices. The average rate on a 30-year mortgage hit 6.02 percent this week, more than twice the rate of a...

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