variable mortgage Archives - MyHome.ie Advice & Blog

KBC to cut variable mortgage interest rates from December

KBC Bank Ireland are set to cut their variable mortgage interest rates for new and existing customers. When the bank announced a rate cut last month, only customers taking out a mortgage for the first time benefited. Now the bank is to cut its variable…

Mortgages & Money

Banks warned to cut rates or face a government cap

Blog, Mortgages & Money

Central Bank chief Patrick Honohan has warned banks to cut their variable mortgage interest rates or face government policy decision that may include a cap on rates. In a report for Finance Minister Michael Noonan, Mr Honohan said banks needed to recognise that charging "exploitative" rates…

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…

Variable rate mortgages expected to increase shortly

General, Home, Mortgages & Money, Property News

Homeowners on variable mortgages could be set for further pain as interest rates are expected to be hiked in the coming weeks. According to AIB chief executive David Duffy, they will increase their variable rates shortly in a move that would affect 70,000 customers. The…

Further cut in ECB rates expected next week

Home, Mortgages & Money, Property News

A further cut in European Central Bank rates has been predicted for Thursday week in what would be a huge boost to tracker mortgage holders. A sharp fall in interest rates that banks charge each other and weak economic data in Germany means the ECB…

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…