Interest rate Archives - Page 3 of 4 - MyHome.ie Advice & Blog

Average interest rate on Irish mortgages now stands at 2.92%

General, Home, Mortgages & Money, Property News

The average interest rate paid on Irish mortgages stood at 2.92 per cent at the end of the June, the latest Central Bank figures show. The corresponding interest rate reported by all credit institutions resident in the euro area was 3.43 per cent. The…

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ECB leave rates unchanged

General, Home, Mortgages & Money, Property News

The European Central Bank has, as expected, left their interest rates at 0.5% at their monthly meeting today. President Mario Draghi also reiterated that the ECB's future interest rates will remain at their present level or lower for an "extended period" of time, suggesting that…

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Further cut to ECB rate could be in the offing

General, Home, Mortgages & Money, Property News

Homeowners with tracker mortgages could be set to benefit from further cuts in their monthly repayments this autumn. The head of the European Central Bank, Mario Draghi, signaled yesterday that rates would stay at their historic low of 0.5% for an extended period and may…

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ECB leaves rates unchanged

General, Home, Mortgages & Money, Property News

As expected, the European Central Bank has left their interest rates unchanged today, which is another welcome boost to mortgage holders. The news means that there will be increase in the monthly cost of servicing a mortgage for those with trackers. The ECB recently cut…

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No further cuts in ECB rates until 2015, predicts survey

General, Home, Mortgages & Money, Property News

THE European Central Bank may not cut its key lending rate again until the end of next year – a move that would be a blow for tracker mortgage holders. A comprehensive survey of European economists has found that most do not expect another cut until at…

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McGrath calls for bank statements on ECB rate changes

General, Home, Mortgages & Money, Property News

Fianna Fáil finance spokesperson Michael McGrath has said that, each time the ECB changes its benchmark interest rate, the banks should be required by the Central Bank of Ireland to make a statement on the impact, if any, on the full range of products offered…

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ECB cuts interest rates to 0.5%

General, Home, Industry News, Mortgages & Money, Property News

Extended weak economic activity and tame inflation persuaded the European Central Bank to cut interest rates to a new reocrd low of 0.5 per cent, ECB president Mario Draghi said today. In the past month, confidence indicators have slumped, triggering fears of a delayed recovery in the euro zone.…

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ECB expected to cut interest rates today

General, Home, Mortgages & Money, Property News

The European Central Bank is expected to announce an interest rate cut of 0.25% at its meeting today. It would bring the rate to an historic low of 0.5% and would be a boost to struggling homeowners. The cut would reduce the monthly repayments on…

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Pepper could be set to spice up mortgage market in Ireland

Commercial Blog, General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer, The Investor, The Overseas Investor

The mortgage market here could be set to receive a significant boost with Australian lender Pepper considering whether or not to start offering home loans in Ireland. Pepper, which bought the mortgage book of GE Money last year, said it was actively looking at mortgage…

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ECB rate left unchanged at 0.75%

General, Home, Mortgages & Money, Property News

The European Central Bank has left its main interest rate at 0.75%, following their meeting today. The move means there will be no increase or reduction in the cost of servicing a mortgage for those on a tracker. Indeed, those on tracker mortgages could…

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