I agree with Leo on this one. Artificially keeping interest rates low is creating a much bigger problem down the road.Thanks Leo
Leo Varadkar under fire for ECB interest rates remarks
The Tánaiste called on the ECB to increase interest rates to tackle inflation, prompting criticism from Sinn Féin's Pearse Doherty, who says such a move would be recklesswww.irishexaminer.com
Yes, the ECB are going to act because the second in command of a tiny member state made some comment...Thanks Leo
I agree with Leo on this one. Artificially keeping interest rates low is creating a much bigger problem down the road.
Tracker rates, definitely.So if the ECB increase interest rates would that mean mortgage rates go up?
So those on high fixed rates now that are unable to switch due to whatever circumstances they have preventing then from switching right now will possibly end up on a higher rate when there fixed rate expires?Tracker rates, definitely.
Variable rates, most likely.
Fixed rates, depends.
In simple terms, yes.
Increasing interest rates will put more financial pressure on those who already struggling with repaying their mortgage. You agree with Leo.. have you a big mortgage or any mortgage or loan for that matter?I agree with Leo on this one. Artificially keeping interest rates low is creating a much bigger problem down the road.
I have 2 mortgages. One in negative equity and one 70% LTV. I'd rather higher interest rates and quantitative tightening than to have to use the equivalent of a wheelbarrow full of money to pay for a pint of milk.Increasing interest rates will put more financial pressure on those who already struggling with repaying their mortgage. You agree with Leo.. have you a big mortgage or any mortgage or loan for that matter?
Posturing dope Leo.Thanks Leo
Leo Varadkar under fire for ECB interest rates remarks
The Tánaiste called on the ECB to increase interest rates to tackle inflation, prompting criticism from Sinn Féin's Pearse Doherty, who says such a move would be recklesswww.irishexaminer.com
Possibly.So those on high fixed rates now that are unable to switch due to whatever circumstances they have preventing then from switching right now will possibly end up on a higher rate when there fixed rate expires?
Well he didn't actually call for interest rates to be increased.This is just posturing by Leo, he knows full well that the ECB will pay no heed to what he says
It doesn't matter what any individual thinks or what any individual politician says.Increasing interest rates will put more financial pressure on those who already struggling with repaying their mortgage. You agree with Leo.. have you a big mortgage or any mortgage or loan for that matter?
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