This hike will increase the monthly repayment by approx €12 per month on a typical €100,000 mortgage. The ECB are expected to announce a 0.25pc interest rate hike on Thursday. This will be the first rate increase for around two years.If announced this rate hike will impact on all tracker mortgage holders . Tracker mortgage holders have [...]
Archive for Mortgage News
Tracker Mortgage Costing Banks Money
From The Irish Independent . MORTGAGE lenders are losing money on most tracker mortgages as they are costing them more to fund than they are receiving in interest income. Around 400,000 people have tracker mortgages, with some paying rates as low as 0.75pc above the European Central Bank rate (ECB). The deal with a tracker [...]
Tracker Mortgage holders may get cash incentive to pay early
By Charlie Weston Personal Finance Editor Click here to read more Wednesday March 23 2011 From The Irish Independent MAJOR lenders are considering offering tracker mortgage holders a financial incentive to pay down their mortgages faster. Click Here to see current Mortgage Rates available in the market. Mortgage Rates March 2011 Permanent TSB is understood [...]
Homeowners face prospect of interest rate hike
By Maeve Dineen Tuesday March 22 2011 HOMEOWNERS were last night again facing the prospect of an interest rake hike next month. Read More…. http://www.independent.ie/business/personal-finance/property-mortgages/mortgage-holders-face-rate-rise-prospect-2588867.html?service=Print
House prices article from yesterdays Irish Times
House prices could fall 13.4% this year in bank test scenario SIMON CARSWELL, HARRY McGEE and ARTHUR BEESLEY Thu, Mar 17, 2011 HOUSE PRICES could fall by a further 13.4 per cent this year and 14.4 per cent next year before recovering in 2013 under a scenario considered by the Central Bank to stress test……. [...]
Help For Homeowners
By Charlie Weston Thursday March 10 2011 There was some good news for those with distressed mortgages this week when the new Programme for Government outlined a range of measures to help them. About 80,000 homeowners are having problems paying their mortgages, according to the Central Bank. More than half of these are in arrears, [...]
ECB interest rate hikes on way: Ulster Bank
A rise in interest rates and a further weakening of the euro are on the cards according to the latest market forecast from Ulster Bank. According to the forecast, our record low interest rates could come to an end within six months, with the ECB expected to begin gradual hikes of 0.25% The forecast from [...]