Not a chance ...FR has come out and said " The banks now need to make money, I am not gonna jeopardise that"
They have a free run now .
Also the recent rate changes/increases showed up in the last inflation figures .
Banks will continue to try and offset the losses they are making with the tracker mortgages on their books by screwing the variable customers .
Agreed it's unlikely rates will rise this year but they're so low that the only way is up and they will go up as soon as it suits France and Germany and co. Irish mortgage holders are in for more pain next year.
Agreed it's unlikely rates will rise this year but they're so low that the only way is up and they will go up as soon as it suits France and Germany and co. Irish mortgage holders are in for more pain next year.
Well, its been the silver lining on the black cloud thus far. It was expected they would have already risen some time ago - but that keeps getting put back...