What is the outlook on mortgage interest rates?

E

Earnie Moore

Guest
What is the outlook on mortgage interest rates. Are they going to hold for the time being or increase in the second half of this year.
 
Re: Mortgage Interest rates

I am surprised you did not get any responces to this question before now! I think after nama up and running for a while banks will likely increase rates. However the German economy is not doing to well at the moment so ECB rates are unlikly to rise while this remains. Then again I am no economist!
 
Re: Mortgage Interest rates


I don't think that an ECB freeze on interest rates will keep rates down here. Ask anyone who has a mortgage with PTSB! Banks need money badly at the moment and one sure way of getting it is by increasing rates on borrowings made by "safe" customers/clients. But I wouldn't bet on deposit rates increasing by the same amount....
 
Re: Mortgage Interest rates


If you read my previous sentence you will see I said that after nama is up banks will increase rates.
 
If / When AIB and others increase mortgage rates before an ECB increase, do they have to give a certain amount of notice before the rates are changed?

I am on standard variable and plan to move to the 5 year fixed. The fixed rate is currently 3.86%. Will I be given time to contact AIB to change to 3.86% before it increases or do I have to time it myself?
 
Don't think they are going to make it convenient for you in any way. It's up to you really.
 
QED said:
If / When AIB and others increase mortgage rates before an ECB increase, do they have to give a certain amount of notice before the rates are changed?
Click to expand...

No.

ICS released their new end dates for their fixed rate mortgages on Friday and surprisingly left the fixed rates unchanged.

[broken link removed]
 
Thanks - That's what I thought but just double checking that there was no regulations to be complied with etc.
 

I would be seriously considering doing soon that as AIB as a NAMA bank , so may follow PTSB once they have all that lovely NAMA money.
 
You must log in or register to reply here.
Menu
Log in
Register