C
CollyD
Guest
Hi All
Just read this article in Finance magazine: http://www.finance-magazine.com/display_article.php?article_id=6025
Says that by March the ECB will be at 2.50% and by the end of the year it will be at 3.00%. UK is to stay the same as there interest rate is already at 4.25%.
Pure speculation but not that unrealistic either. Paying the ssia into the mortgage looks better and better each time the interest rate rises.
It also suggests the time to fix is gone, no harm if you can afford it to go to 3% and that is not including the banks slice which will probably bring it to 4.1%. This increases a 1,030Euro monthly repayment mortgage over 29yrs at 3.25% rate (this includes the recent .25% increase of the ecb) increasing it to 1,130Euro as per Karls mortgage calculator. The more the ECB raise it the less savings I have darn them.
Just read this article in Finance magazine: http://www.finance-magazine.com/display_article.php?article_id=6025
Says that by March the ECB will be at 2.50% and by the end of the year it will be at 3.00%. UK is to stay the same as there interest rate is already at 4.25%.
Pure speculation but not that unrealistic either. Paying the ssia into the mortgage looks better and better each time the interest rate rises.
It also suggests the time to fix is gone, no harm if you can afford it to go to 3% and that is not including the banks slice which will probably bring it to 4.1%. This increases a 1,030Euro monthly repayment mortgage over 29yrs at 3.25% rate (this includes the recent .25% increase of the ecb) increasing it to 1,130Euro as per Karls mortgage calculator. The more the ECB raise it the less savings I have darn them.