Do rising interest rates pose a problem to Burnham’s vision?

Government borrowing costs worldwide continued to hit their highest level for decades today.

Finance'You can't compete on the old model of lending broadly,' executive saysRising prices of new homes in Tokyo are making mortgage lending riskier. (Photo by Hazumu Urushiyama)KAI ISHIZAKISeptember 3, 2026 02:15 JSTTOKYO -- Big Japanese banks have reached a turning point in their mortgage strategies, as higher inter

Mortgage rates continue to rise, pushing some buyers to riskier, adjustable-rate loans in order to find savings. Rates are at the highest level since June 2025.

Investors have priced in three interest rate hikes over the next two years as a global bond market rout sent UK gilt yields soaring.   Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing costs and putting the UK’s economic stability under threat.

NZX gains 1.04% after the Reserve Bank lifts OCR to 2.75% and signals fewer rate hikes.

US mortgage rates near 6.7% are keeping homeowners locked into cheap 3% loans, hurting home sales and delaying the US housing market recovery.

Gold Price Continues Fall As Expectations Of An Interest Rate Hike Grow  forbes.com

More than 1m homeowners are coming off two-year fixed rate mortgages this year with an average interest rate of 4.81%, Compare the Market said.

The rising mortgage interest rates, caused by the unrest in the Middle East, will continue to pressure home prices in the coming months, though prices won’t actually fall due to the conti