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mortgage holders can cut their existing repayments
Experts at MyMortgages.ie say market developments are signalling an impending explosion in the fixed rate mortgage market in Ireland. KBC is the latest to slash its rates to five year fixed rate to 2.8 percent with Ulster Bank offering a 2.3 percent two year fixed rate and a 3.25 percent fixed rate for seven years. PTSB have also recently dropped its fixed rates to 3.7 percent for existing customers. According to the mortgage brokers, these cuts signal real savings for mortgage holders.
