Mortgage Fix or Tracker

Hi

Im about to take out a mortgage of 280k over 30 yrs in the next few weeks and Im not sure what to do?
AIB offered 3 yrs fixed rate at 4.9% but after the news yesterday in the US will this have a knock on affect to rates here? Will rates go down?

Can any wise man/woman advise?

Many Thanks

What variable/tracker rate were you offered from AIB or elsewhere?

Tracker with AIB is 4.75% Diff of €26 a month

Depends on how secure you want to be in your repayments - €26 a month may not be a lot to pay for peace of mind when taking out your first mortgage depending on your outlook. Would say its fairly unlikely that fixed rates will go down here in the next few weeks as cost of funds is quite high for banks at the moment.

to be honest i would not fix at the moment if you notice the banks are lowering there fixed rate expecting the ebs to not raise rates

The AIB 4.9 % is the lowest 3 year fix in Ireland currently - even beating NIB's offer on LTV under 60%. It might not be on offer for too long.
Working out what will happen to ECB rates over 3 years is not possible. Knowing what you will be paying for 3 years - at a rate that is not bad - is a good thing. You can get on with worrying about other things for 3 years and ignore all the news about rate rises (or falls).