Stupid question - will fixed rate mortgages be affected? I assume not, since they're priced over a longer period.
Fixed rates on offer should come down because of the current market conditions
Tracker is a safe bet for a bank - they get a margin above ECB no matter what happens to interest rates, so margin above will not change for existing mortgage holders.
The banks fund their loans from the Interbank market, and the 3month Euribor is currently at 4.75%.
The cost of funds for the Lender is not the ECB rate....
Also on my (possibly mistaken) recollection of the various lenders Loan offers - they all have a get out clause with regard to Trackers etc.
PTSB's is one of the better ones -
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