I'm not sure that we're there just yet.So mortgage war has hit the floor as far as rates are concerned??
I'm not sure that we're there just yet.
There was a slowdown in lending towards the end of the year, so when banks announce their year end results they might have to take measures to solidify market share.
UB roll their rates every 6 months because of how they fix durations, but their rate changes don't always happen on the same date.
If anything is going to happen re rates this year, it'll happen in March. (In my opinion - I do not work in mortgages, and have no inside info from any bank).
AIB announce annual results in 1st March. BOI the week prior.Can I ask why you think there may be movement in March?
Coming off fixed rate at start of june so have contacted UB and will give EBS a ring. Not sure whether to take the 3% cashback & fix for the 5 years @ 3% or gamble on the UB 2 yr 2.3% and hope intrest rate hasn't passed 3% in 2 yrs time.
€285,000 over 25 years.The difference in interest payments between 3% and 2.3% is a little less than €60 a month per €100k borrowed. How big is your mortgage? There are fixed costs (solicitors fee) associated with switching your mortgage. So the smaller the mortgage the less the net benefit from the cashback and greater the importance of rate differential
Coming off fixed rate at start of june so have contacted UB and will give EBS a ring. Not sure whether to take the 3% cashback & fix for the 5 years @ 3% or gamble on the UB 2 yr 2.3% and hope intrest rate hasn't passed 3% in 2 yrs time.
€285,000 over 25 years.
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