Search Results for 'Central Bank Retail'

Responding to the most recent Central Bank Retail Interest Rates publication for December showing Ireland with a weighted average interest rate on new mortgages of 4.19%, just 0.13% higher than the euro area average, and six basis points down on the previous month, Brokers Ireland said it is to be hoped that by mid-year the situation will have improved with some movement downwards by the ECB.

Responding to the recent Central Bank Retail Interest Rates publication for August showing Ireland with a weighted average interest rate on new mortgages of 4.10%, up 146 basis points in a year, and close to the euro area average which is 0.15% lower, Brokers Ireland said those taking out mortgages need to consider their options very carefully.

Responding to the most recent Central Bank Retail interest rates publication for June, showing Ireland at a weighted average interest rate of 4.04 percent, up 136 basis points in annual terms and a 12 percent decrease on the previous month in the volume of pure new mortgage agreements, Brokers Ireland has stated that it is “clearly evident the dampening effect the questionable and aggressive interest rate stance is having on potential home owners, at a time of strong and pent-up demand for homes.”

Responding to the most recent Central Bank Retail Interest Rates publication for April, showing Ireland at a weighted average interest rate of 3.63 percent in April, 0.6 percent ahead of the euro area average, Brokers Ireland said the Irish market is now in worrying territory for both aspiring and existing borrowers.

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.

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 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.

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.

Responding to the Central Bank Retail Interest Rates for January 2022, Brokers Ireland is advising 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.