Search Results for 'Rachel McGovern'

Responding to the recent ECB interest rate increase of 0.5 percent, Brokers Ireland said this, the sixth increase since July last, brings the rate to 3.50 percent, and would add a total of €640 a month to a €330,000 mortgage on a 1.25 tracker rate.

Responding to the recent Central Bank Retail Interest Rates publication for January, Brokers Ireland said while the weighted average interest rate on new Irish mortgages is almost a quarter percentage point (0.23 percent) lower than the euro area average as a whole it is showing increased upward momentum, having risen 24 basis points in one month, from 12 the previous month.

Commenting on the recently published CSO Characteristics of Residential Property Purchasers 2010-2021, Brokers Ireland said the fact that the proportion of properties jointly purchased increased from 47 percent to 60.3 percent in the period and the median age for sole purchasers rose from 34 to 41 years, starkly demonstrates the social change being forced upon society by the housing crisis.

Responding to the ECB interest rate increase of 0.75 percent, Brokers Ireland said even though predicted by some commentators the fact that it is on the higher side is very disquieting for consumers with the real worry now being the unknown one of how long such increases will go on for and what level they will reach.

Responding to the Central Bank Retail Interest Rates for June, Brokers Ireland has stated: "While there is a very welcome and further narrowing of the gap between Ireland and the euro area average interest rate, with Irish mortgage holders now paying less than 1pc (0.78pc) over and above the euro area average - it is of no practical effect to borrowers who should concentrate on getting the best mortgage rate available in the Irish market; and who should do so in the very short window left before the ECB raises its rate further as it has already indicated."

Responding to the ECB interest rate increase of 0.5 percent, Brokers Ireland said it “marks the beginning of a new era and predicting where the rate will end up with any degree of accuracy is like fortune telling.”

Responding to the most recent Central Bank Retail Interest Rates for April 2022, Brokers Ireland said mortgage holders who have not reviewed their mortgage rate need to act fast to get the best value available in the market.

Responding to the most recent Central Bank Retail Interest Rates for March 2022, Brokers Ireland said mortgage holders, and aspiring mortgage holders, need to act fast to get the best interest rates available in the market and for anyone looking to long-term security and predictability about their financial outlay to lock-in to the best rates for longer periods of up to twenty and thirty years, depending on circumstances.

As house prices continue to escalate with the recent CSO House Price Index showing an annual increase in February of 16.8 per cent for properties outside Dublin and 13.5 per cent in Dublin, Brokers Ireland has said the market is almost back to the level house prices reached at peak in 2007 - with prices outside of Dublin just 3.9 per cent short of where they were then - and Dublin just over 10per cent behind peak.

Responding to the most recent Central Bank Retail Interest Rates for January 2022, Brokers Ireland advised mortgage holders, other than those on trackers, to review their current rate and term of mortgage and consider if they could achieve a rate and term that would better suit their circumstances and give greater security into the future.