Q&A: It is very good news for those on tracker mortgages
It has indeed and that will be very good news for around 130,000 people who have tracker mortgages and moderately good news for people who will be looking for fixed rate and variable rate mortgages in the months ahead.Well, according to financial adviser Michael Dowling, the 0.25 per cent cut announced by the ECB equates to a €13 per month saving for every €100,000 owed on a tracker mortgage.
Zuckerberg’s culture shift at Meta could make it hard to find new recruits willing to work in his macho organisationBosch Unlimited 7 Aqua review: Saving time and effort on household cleaningIt means that the ECB’s lending rate is now 2.9 per cent compared with 4.5 per cent this time last year.Broadly speaking a 0.25 per cent cut sees monthly repayments fall by €13 for every €100,000.
She says the “rate curve is at or near the bottom of what is expected This means competitive pressures, rather than funding costs, are more likely to drive further reductions. We may still see lenders tweak individual rates to remain competitive in certain segments.”Nope. The ECB cut will not be welcome by Irish savers and is likely to see the deposit rates on the table stall or fall as the year progresses.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Conor Pope's Alcohol-Free Transformation: From Dry January to Lasting ChangeConsumer journalist Conor Pope shares his unexpected journey from a casual Dry January to a permanent commitment to an alcohol-free life. He discusses the challenges, the benefits, and the positive impact it has had on his well-being and finances.
Read more »
Conor McGregor Congratulates Cousin on FAI Cup WinUFC star Conor McGregor mistakenly congratulated his cousin on winning the FAI Cup with Dundalk before correcting himself to Drogheda United. Warren Davis was part of the Drogheda squad that defeated Derry City in the final.
Read more »
Bank of Ireland Cuts Deposit Rates for the First Time Since ECB's Rate ReductionsBank of Ireland becomes the first Irish bank to follow the ECB's lead and reduce deposit rates, marking a shift in the Irish banking landscape.
Read more »
Logan Paul Focuses Entirely on WWE Career, Potentially Derailing Conor McGregor Boxing MatchLogan Paul has announced his full commitment to WWE, ending his part-time status and 'side-hustles' to pursue his wrestling career. This news is a setback for a potential boxing match against Conor McGregor, which was rumored to be in the works for India.
Read more »
Drogheda United Distance Themselves From Conor McGregor After FAI Cup PhotoDrogheda United have issued a statement distancing themselves from Conor McGregor after the MMA star posed with the FAI Cup trophy on social media.
Read more »
Drogheda United Distances Itself From Conor McGregor After FAI Cup PhotoDrogheda United issued a statement distancing themselves from Conor McGregor after the MMA star posted a photo online posing with the FAI Cup trophy. McGregor mistakenly congratulated his cousin, Warren Davis, for winning the trophy with Dundalk but then edited his post to say Drogheda. Drogheda clarified that they are not associated with McGregor or any unauthorized brands mentioned.
Read more »