The European Central Bank has just announced that it is reducing the ECB rate to 1.25%.

This is more great news for all homeowners on tracker or variable rates. Todays reduction of 0.25% will mean a saving of approx €25 per month on a mortgage of €200,000 over 25 years.

With rates now at an all time low and with little room for them to fall any further, now is a great time to think about a fixed rate.

AIB for example now has a great 2 year fixed rate of just 2.8% and there are lots of other great fixed rate deals on offer too.

If you are interested in a Free Mortgage Review to see what your options are you need to apply-online with MortgageLine today.