During the past 10 years, the average new first-home mortgage has increased from about $300,000 to more than $550,000, Reserve Bank data shows. On a mortgage rate of 5.99%, that is $1520 a fortnight ...
NEW YORK, Nov 13 (Reuters) - Rising income levels helped Americans manage their expanding debt loads during the third quarter, even as some signs of stress mounted, the New York Federal Reserve ...
Local governments in China face a ballooning debt burden of $5.6 trillion, according to Beijing, raising worries about wider economic stability. The International Monetary Fund (IMF) put the figure at ...