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

ECB rate remains unchanged at 0.75%

General, Home, Mortgages & Money, Property News

The European Central Bank has left its key interest rate at its record low of 0.75% following their meeting today. Speaking at the gathering of the bank’s 23 member governing council, ECB president Mario Draghi said the euro zone economy has shown signs of stabilising…

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Taoiseach won't interfere in AIB rates rise row

General, Home, Mortgages & Money, Property News

Taoiseach Enda Kenny has insisted the government cannot intervene in mortgage rate increases. His comments came in the wake of AIB’s two interest-rate hikes in two months. Amid opposition claims that the government is abandoning struggling homeowners, Mr Kenny said it is necessary for the…

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Mortgage interest rates unchanged

General, Home, Mortgages & Money, Property News

Mortgage interest rates were unchanged at the end of June 2012, relative to the previous month, according to new figures from the Central Bank. The Central Bank’s retail interest rate statistics cover lending to, and deposits from, households and non-financial corporations (NFCs) in the euro…

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ECB cuts interest rate to 0.75%

Home, Mortgages & Money, Property News

As expected, the governing council of the European Central Bank has this afternoon cut their interest rate by a quarter of a percentage point to a new record low of 0.75%. The decision is likely to save tracker mortgage holders with a €300,000 mortgage around…

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OECD calls for further ECB rate cuts

Mortgages & Money, Property News

The OECD has called on the European Central Bank to cut its interest rate further in order to help economic activity in the euro zone. The Paris-based group made the call today after forecasting that economic activity was set to contract by 0.1% this year.…

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ECB expected to keep rates at 1%

Mortgages & Money, Property News

The European Central Bank are expected to keep their interest rate at a record low of 1% when they meet in Barcelona today. They will announce their rate decision at 1.45pm with president Mario Draghi set to hold a press conference at 2.30pm. The ECB…

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Bank of Ireland now offering negative equity mortgages

Industry News, Mortgages & Money, Property News

Bank of Ireland has announced that it has launched a range of new mortgages available to customers in negative equity. The bank says the new mortgages are in line with Central Bank guidelines, and they say, will allow greater numbers of customers, that are in…

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Banks encouraged to introduce mortgages with limits on rates that can be charged

Mortgages & Money, Property News

A leading mortgage expert is encouraging banks to follow a US example and introduce mortgages where there is a limit on the interest rate they can charge. In an interview with The Irish Independent, Frank Conway of MoneyCoach.ie said such a rate cap was common…

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ECB cuts rate by another 0.25%

Mortgages & Money, Property News

The European Central Bank has cut its key interest rate by a quarter of a percentage point to 1% to help the euro zone economy as it slides toward recession because of the debt crisis. The bank last cut rates only five weeks ago on…

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Government unlikely to come up with legislation forcing lenders to pass on ECB rate cuts

Mortgages & Money, Property News

Banks passing on the ECB interest rate reduction to customers is a “very important issue for the government”, according to Minister of State at the Department of Public Expenditure and Reform Brian Hayes. Mr Hayes admitted, however, that it was unlikely that legislation would be…

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