Retail sales for June have increased by 0.9%, indicating a partial recovery for the sector following a 2.7% drop in May.
Nearly one in five (18%) of accounts include a bonus rate of 1.88% for nearly a year on average. Nearly half (44%) restrict the number of withdrawals, while 28% impose interest penalties for too many withdrawals and 16% have restrictions such as a high minimum balance or requiring customers to have a current account with them.
Assumable mortgages, while offering potential advantages like lower interest rates, are not widely known or utilized for a number of reasons. These include the limited availability of assumable loans (primarily government-backed), the complexities of the assumption process, and the potential for higher upfront costs.
"The big banks' Q2 earnings results offer the first real pulse check for investors: are people borrowing? How's credit holding up?"
The year-on-year inflation in the UK rose to 3.6% in June, a reminder that the battle against inflation is far from over for many households.
"Congress designed these programs to ensure that borrowers repay their loans, yet the Biden administration tried to illegally force taxpayers to foot the bill instead," Education Secretary Linda McMahon said.