I pay the IOB a small sum of money annually to ensure I can give out free online financial advice on TFK.
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Yes & Yes
Current fixed rate up at the end of the year.
Whatās the medium term play here? Variable rate or fixed rate? If fixed, for how long?
Assume the expectation is that rates will continue to rise for the foreseeable or are we likely to see a drop in 18 months to 2 years?
Iād say weāre 18 months from interest rate cuts. Prob not muxh value in fixed at moment.
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Fixed is the only game in town. Variable are all more expesnive. The length of time to fix for is the only question and whether it is worthwhile switching banks to get a better rate.
Interest rates is a guessing game, but I donāt think they can go much higher, but could stay where they are for a while until inflation comes down.
Also Irish mortgage rates are in general underneath ECB rates which is a bit mad, so there is still scope for rates to rise without any more interest rate increases.
Talk to the bank about a new valuation for your house, you might be able to move into a lower LTV rate which can give you lower mortgage rates.
Or they might have a green rate if your house has a reasonable BER rating
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Correct on both of these. Drive down the % rate any way you can.
BOI were offering commercial fixed rates at 3.7% for seven years v recentlyā¦AIB were 6.2% for same product 
Similar story here, current fixed rate is up early in New Year.
Options offered to us by existing provider have a variable which is ā¬60 a month cheaper than the best fixed rate offer. Variable rate is 3.8% and fixed is 4.75%
I had always just assumed we were going fixed again but a friend said go variable that rates canāt go much higher.
Im still thinking fixed??
BOI have billuns and billuns on deposit.
They are still 3% less than AIB for corporate stuff. Iād say they are destroying AIB in the market.
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EBS green fixed LTV <50% is 3 point 75 per cent.
< 80% is 3 point nine 5 percent.
Potential ECB rate reduction in the new year.
The yield curve is inverted so hum dinger of a recession on the way.
For thicks like me what does that mean in simple terms?
By that you mean?
it needs to be simplified for thicks like you
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He doesnāt understand it
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I donāt understand it either
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I said that above already you obnoxious cunt!
wtf? im backing you up Bro
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I take back the obnoxious part! Im happy out to call myself thick, I just thought you were jumping the gun doing likewise!
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