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Mortgages 2006

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  • 20-02-2006 5:07pm
    #1
    Crubeens
    Closed Accounts Posts: 132 ✭✭


    My 1yr fixed rate mortgage with Permanent TSB is up tomorrow and I'm humming and hawing about whether to fix again or go variable.

    1yr fixed is 3.75% while variable is currently 7%. Anyone know of any pending ECB interest hikes?


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    #2
    eclectichoney
    Closed Accounts Posts: 4,291 ✭✭✭eclectichoney


    theres an ecb meeting on march 7th(ish) when its expected that twill go up 25 basis points... tho you never know given recent data on Q4 2005 released last week... i take it you meant variable was 3.7% rather than 7% :o


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    #3
    bobk
    Registered Users Posts: 370 ✭✭bobk


    chances are that rates will go up again.
    you should forget about the variable rate though.
    You should remortgage before you accept 3.7%.

    What trackers are they offering you?
    what's your loan to value on the property?

    There are lots of different factors to help you decide
    but ECB rates are probably going up between .25% and .75% by the end of the year.
    A banks variable could be more than that again.


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