Hi,
I've been offered a tracker mortgage based on ECB rate and EURIBOR from 2 banks. One is +.75 above ECB and the other is +.65 above EURIBOR. I know at the moment the EURIBOR is way above the ECB but say they settle down how likely is it that the EURIBOR would come with in or equal to .10 of the ECB rate.
I know its hard to predict but as its a mortgage I have to think where the rates will settle long term once the current problems work themself out of the banking system. Does anyone know what the spreads were before the credit crunch any advice welcome.
Thanks
BYG
I've been offered a tracker mortgage based on ECB rate and EURIBOR from 2 banks. One is +.75 above ECB and the other is +.65 above EURIBOR. I know at the moment the EURIBOR is way above the ECB but say they settle down how likely is it that the EURIBOR would come with in or equal to .10 of the ECB rate.
I know its hard to predict but as its a mortgage I have to think where the rates will settle long term once the current problems work themself out of the banking system. Does anyone know what the spreads were before the credit crunch any advice welcome.
Thanks
BYG