February 4, 2010
The ECB today kept the interest rate at 1% as expected. Here in Ireland - for people not on tracker mortgages that might not be as good as it sounds. Variable rate mortgages did drop broadly in line with ECb rates in 2008/2009 - but there is no guarantee that variable rate mortgages (not ECB trackers) will stay low. PTSB has raised mortgage rates this week - and there are rumours that others will follow.
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