The European Central Bank has just announced today that it is reducing the ECB interest rate to 1%.
This means a futher saving of approx €30 per month on a 250,000 mortgage over 25 years for those on tracker rates. Hopefully all Mortgage lenders will also pass on the cut to variable customers too.
With rates now at an all time low fixed rates are looking very tempting, even perhaps for those currently on good tracker rates. Rates will inevitably go up at some stage so fixing in for the next 3 to 5 years could be a good option.
If you need to discuss interest rates with one of our Mortgage Advisors you can Apply Online here.
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