Image: Shutterstock/DEG Photography Image: Shutterstock/DEG Photography IRISH HOUSEHOLDS ARE in a better position than they were to withstand an increase to mortgage interest rates, which will inevitably rise, according to new research.
Because global interest rates are low by both by international and historical standards, they will inevitably rise in the coming years. The research notes that households are in a better position to withstand interest rate increases given the stronger economic circumstances in Ireland since 2014. The improved labour market, through lower unemployment and rising incomes, is particularly important.
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Source: IrishMirror - 🏆 4. / 98 Read more »