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Less than three months after the European Central Bank announced the ending of its massive €2.6 trillion bond-buying programme, it is getting back into the stimulus game. The main reason … Continue reading Good news for mortgage holders, bad news for savers
Mortgage lending rules set by the Central Bank remain unchanged
By Frank Conway The latest mortgage statistics from the Bank Payments Federation of Ireland reveals there has been a relatively modest rate of growth in mortgage lending through the 2nd … Continue reading Getting a mortgage remains a challenge
In 1930’s America, the financial system was so devastated by the 1929 stock market crash, banks were largely still out action a decade later. The Great Depression wreaked havoc on … Continue reading How the State can take a role in mortgages & housing
In 2015, 24,134 mortgages drawn down; in 1979, the number was higher. The 2015 figure includes first time buyers, second time buyers and those buying an investment property but it … Continue reading State must create ‘shared fairness’ in dysfunctional mortgage market
AIB is to cut mortgage rates by up to 0.25% from the start of December. The standard variable and Loan to Value rate reductions will apply to mortgage from AIB, … Continue reading All treats and no tricks as AIB cuts interest rates
In his speech last night to the UCD Economics Society, Governor of the Central Bank Dr. Patrick Honohan touched on a mortgage nerve; he referenced the possibility that the Central … Continue reading Central Bank must tread carefully on mortgage lending
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Today’s surprise announcement by the European Central Bank that is will further reduce the base rate of lending from .15% to .05% will come as welcome news to the almost … Continue reading Surprise rate cut announced by ECB
An announcement by Bank of Ireland that it is to launch a 10-Year fixed rate mortgage is a positive development. “The new 10-Year fixed rate mortgage from Bank of Ireland … Continue reading Positive development in mortgage market with Bank of Ireland launch
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With the European Central Bank widely expected to cut interest rates later this week, the question of how mortgage holders should use their ‘savings’ arises. For many, the joy of … Continue reading Consumers last to benefit from ECB rate cut
