6% mortgage rates are back

That can't be right.

Tom Parlon told the entire country that interest rates will always be 4% +/- half a percent.
 
Jethro Tull said:
Gonna put a lot of strain on people who are already over stretched. Surely we are gonna see many more case such as this one over the next while.
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Whatever about the sympathy I may have for the women on the Gerry Ryan show I am shocked by the ill informed comment on that other website blaming the illusive Vested Interests for the women's misfortune - are people really that daft?
 
efm said:
Whatever about the sympathy I may have for the women on the Gerry Ryan show I am shocked by the ill informed comment on that other website blaming the illusive Vested Interests for the women's misfortune - are people really that daft?
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Well the other options are to blame the couple for taking on the loan, shared blame between all of them, or no one is to blame.
 
Where/how did you get an ECB + 0.5% tracker? Is your LTV very low or something?
 
you have to feel sorry for Austin Hughes, that feeling in his gut (about rate reductions) must be pretty painful now
 
Jonathan.OB said:
I warn you the Irish sub-prime crisis has yet to start. This is barely the beginning.
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Jeez we can hardly wait. It is starting to feel like some people are getting some perverse kick out of the possibility of Ireland's economy crashing.
 
MrMan said:
Jeez we can hardly wait. It is starting to feel like some people are getting some perverse kick out of the possibility of Ireland's economy crashing.
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I guess that depends on what sort of glasses you are wearing.

I see a well informed warning to people who might be reading the latest "things are stabilising, go out and get a big mortgage" declaration from a "leading economist", a "property expert" or somesuch.

What sort of glasses are you wearing?
 
Camry said:
I guess that depends on what sort of glasses you are wearing.

I see a well informed warning to people who might be reading the latest "things are stabilising, go out and get a big mortgage" declaration from a "leading economist", a "property expert" or somesuch.

What sort of glasses are you wearing?
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The phrasing used was not that of a 'well informed warning' it has all the hallmarks of sensationalist journalism. For a start the use of the term 'sub-prime crisis' is misleading and aimed at causing panic. What percentage of the Irish market is sub-prime lending? As for 'This is barely the beginning', this is stating the obvious, anyone reading this post (or with any sort of awareness) knows that rates have increased over the last 6 months, with momentum increasing, with expected ECB rate increases to come.
 
Camry said:
I guess that depends on what sort of glasses you are wearing.

I see a well informed warning to people who might be reading the latest "things are stabilising, go out and get a big mortgage" declaration from a "leading economist", a "property expert" or somesuch.

What sort of glasses are you wearing?
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Funnily enough I haven't come across much of the 'things are stabilising go out and get a big mortgage'. The glasses I am wearing are ones that allow me to look at things as they stand and make my own assessments on what is the next step for me. I don't think you can talk people who cannot afford it into buying beyond their means because they simply will not be able to get the mortgage to do so in the first place.

I don't think we should sit back and point fingers and say I told you so I think we should get on with things and do everything necessary to avoid the absolute slump that some are predicting.
 
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