By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged bank, banks, European Central Bank, interest rates, Michael Noonan, Minister for Finance, taxpayer, tracker mortgage, variable, variable interest rate
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Minister for Finance Michael Noonan has insisted that he will not interfere with what any bank decides to charge in interest rates. With ECB rates at an historic low of 0.5%, most banks have put their variable rates up to combat the loss they are making on tracker mortgages. This has resulted in those on [...]
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By The MyHome Newsdesk
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Posted in General, Home, Industry News, Mortgages & Money, Property News, The Seller
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Also tagged AIB, Bank of Ireland, banks, Danske Bank, EBS, European Central Bank, fixed rate, homeowners, KBC Bank, Mortgage, mortgages, Permanent TSB, property market, tracker mortgage, Ulster Bank, variable rate
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Homeowners will now be able to move house without having to give up their low interest tracker mortgages. Trackers are linked to the rate set by the European Central Bank, which currently has an historically low rate of 0.5%. With 375,000 homeowners currently on tracker mortgages, many are reluctant to move for fear of losing [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged Bloomberg, economists, European Central Bank, Interest rate, lending rate, Mario Draghi, Mortgage, reduction, tracker mortgage, variable mortgage
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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 least 2015. This month the ECB cut its lending rate [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged bank, banks, Central Bank, Fianna Fáil, finance spokesperson, Interest rate, Michael McGrath, tracker mortgage
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Fianna Fáil finance spokesperson Michael McGrath has said that, each time the ECB changes its benchmark interest rate, the banks should be required by the Central Bank of Ireland to make a statement on the impact, if any, on the full range of products offered by the bank. The ECB recently dropped their rate to [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged banks, European Central Bank, Friday feedback, homeowners, lenders, loan, Mario Draghi, Mortgage, MyHome, MyHome.ie, rate cut, repayments, Standard and Poor's, standard variable rate, stock, tracker, tracker mortgage
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Yesterday’s ECB rate cut will be a welcome boost for the 400,000 or so homeowners who will see their mortgage repayments fall by 0.25%. However, the latest intervention by the European Central Bank to try and drive economic growth has only driven a bigger wedge between those who have trackers and those who have not. [...]
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By The MyHome Newsdesk
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Posted in General, Home, Industry News, Mortgages & Money, Property News
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Also tagged European Central Bank, Interest rate, Mario Draghi, Mortgage, standard variable rate, SVR, tracker mortgage
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Extended weak economic activity and tame inflation persuaded the European Central Bank to cut interest rates to a new reocrd low of 0.5 per cent, ECB president Mario Draghi said today. In the past month, confidence indicators have slumped, triggering fears of a delayed recovery in the euro zone. “Weak economic sentiment has extended into the spring of this [...]
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The European Central Bank is expected to announce an interest rate cut of 0.25% at its meeting today. It would bring the rate to an historic low of 0.5% and would be a boost to struggling homeowners. The cut would reduce the monthly repayments on every €100,000 owed on a tracker mortgage by €15. The [...]
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The European Central Bank insisted today that it will be willing to cut interest rates even further if necessary to help stimulate economic recovery in the Eurozone. Addressing a news conference after the ECB held rates at a record low 0.75%, ECB president Mario Draghi said discussion at the monthly meeting had been extensive and [...]
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By The MyHome Newsdesk
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Posted in Commercial, General, Home, Industry News, Mortgages & Money, Property News, The First Time Buyer, The Investor, The Overseas Investor
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Also tagged GE Money, home loans, Interest rate, lender, lending, loan, Mortgage, mortgage market, mortgages, Patrick Tuttle, Pepper
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The mortgage market here could be set to receive a significant boost with Australian lender Pepper considering whether or not to start offering home loans in Ireland. Pepper, which bought the mortgage book of GE Money last year, said it was actively looking at mortgage lending here. Chief executive of Pepper Group, Patrick Tuttle, said [...]
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By The MyHome Newsdesk
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Posted in General, Home, Mortgages & Money, Property News
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Also tagged AIB, Bank of Ireland, increase, Interest rate, Mortgage, Richie Boucher, tracker mortgage, variable rate
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Following on from speculation last week that AIB might be set to raise its variable rate mortgages, Bank of Ireland has also admitted to examining its prices. The decision comes after the bank announced a loss of €2.1 billion for 2012 yesterday. Bank of Ireland chief executive Richie Boucher, pictured, said: “Raising (variable) interest rates [...]
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