Two years ago the ECB rate was 4.25%
Now it is 1%.
This drop must have been a great help to homeowners that have had pay cuts.
I'm just wondering how many could cope if the ECB rate went back up to that level. You would be looking at approx an extra €350 a month on a 200k mortgage.
It would be tough for me but in a couple of years when I am out of the creche fees I think I would cope.
Just wondering would this be enough to drive people over the edge?
Now it is 1%.
This drop must have been a great help to homeowners that have had pay cuts.
I'm just wondering how many could cope if the ECB rate went back up to that level. You would be looking at approx an extra €350 a month on a 200k mortgage.
It would be tough for me but in a couple of years when I am out of the creche fees I think I would cope.
Just wondering would this be enough to drive people over the edge?