Berneseduke
Registered User
- Messages
- 15
Peoples opinion's on this issue will be no more accurate than your own. Rates in general will start increasing when the EU rate of inflation begins to grow and ECB increases interest rate. This may be in 1 or potentially up to 4/5 years time. Also the further question as to whether SVR rates in respect of mortgages will be increased in line with ECB rates remains unanswered.jsut like to get peoples opinions.
I agree with your comment Brendan, but some people might just be more educated in the area than me. I'm just in the process of trying to decide on whether to overpay a mortgage, so trying to decide how interest rates might go, how inflation will go, will salary increases keep up with inflation...etc... it all plays a part in deciding.
Just wondering has anyone updated their thoughs on likelihood of mortgage rate increases, decreases or remaining stable at currrent rates ?
We're on an AIB variable rate of 3.55% (APR 3.6%) and I see the fixed rate offering from AIB is around 3.5-3.65%. Happy enough to stick with variable for now but doubtful if rates will fall further ? Any thoughts ?
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