Loan Digest

Irish mortgage rates climbing but still low by EU standards

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 77%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Average rates currently 3.63 per cent according to Central Bank data but set to climb higher

Allen brothers investment in mortgage firm, Pepper hikes rates, and how to manage finances while dealing with autism or ADHD

He noted that the ECB has hiked rates by 3.75 percentage points since last July with another quarter of a point hike set to be announced this week. “However the main banks have only hiked their fixed rates by around 1.5 to 2 percentage points on average and variable rates have hardly moved at all.” The Central Bank figures are based on mortgages drawn down in April and most likely applied for several weeks ago with the rates on the table for many would-be borrowers now substantially higher than the average currently recorded.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pepper ups rates on 9,500 SVR mortgages as average hits 6.3%The average variable rate across loan books serviced by Pepper stood at about 4% before the ECB started hiking official borrowing costs last July
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Irish banks’ could push mortgage rates ‘significantly higher’ if needed - GoodbodyAIB, Bank of Ireland and Permanent TSB have been slow to boost rates for savers and not fully passed on interest rates increases to borrowers
Source: IrishTimesBiz - 🏆 6. / 77 Read more »