Entries in Interest Rates (2)


Mortgage Interest Rates on the Rise

The European Central Bank (ECB) have moved their key interest rate again in July - for the second time this year. The rate now stands at 1.5%. The increases will not impact you if you have a fixed rate mortgage. However, if you have a tracker mortgage (which adds a certain guaranteed % onto the ECB rate), you may be getting nervous as the rate has stayed flat at 1% since May 2009. For the first time in almost three years you may need to consider how an increase in rates will affect you and decide what action, if any, you need to take.

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Mortgage Interest Rates – to Fix or not to Fix?

At the European Central Banks meeting earlier this month, ECB president Jean Claude Trichet continued to signal that we remain some considerable distance from any prospect of a rise in ECB policy rates. It is thought that it will be late 2011 or early 2012 before the ECB rate moves from it’s current 1% level. So, what does that mean for mortgage holders?

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