Category Archives: Fixed Rates

Minister of finance intervention on interest rates

Tuesday, June 9, 2015

This article originally appeared in the Sunday Business Post on the 7th of July 2015 It seems to be a fait accompli that the banks will drop mortgage rates because the Minister of Finance told them to do so. Thus far talk of any pitfalls are being avoided in the belief that subsidising a certain […]

Also filed in Accountancy, Advisors.ie In the Press, Banking, Economics, Mortgages, Property, Wealth | Tagged , , , , , | Comments (0)

ECB may delay rate hike while AIB hikes rates

Wednesday, March 16, 2011

Yesterday, mortgage experts said BoI was set to hike its fixed rates in days. “Bank of Ireland will follow this with similar increases,” Karl Deeter, of Irish Mortgage Brokers, said. And Mr Deeter criticised the fact that homeowners did not receive any warning about AIB’s move to push up its rates.

Also filed in Accountancy, Advisors.ie In the Press, Mortgages | Tagged , , , , , | Comments (0)

New blow for homeowners as Ulster Bank hikes fixed rates

Tuesday, February 22, 2011

rish Mortgage Brokers director Karl Deeter said the bank was effectively now out of the fixed-rate market, as new customers could only get a fixed rate if they were borrowing less than half of the value of the home. He added that only a small number of existing borrowers would qualify for a fixed rate, but with the rates so high nobody would take them up.

Also filed in Accountancy, Advisors.ie In the Press, Banking, Mortgages | Tagged , , , , , | Comments (0)

Irish Times: Is it too late to fix your mortgage?

Monday, February 21, 2011

According to Karl Deeter, of Irish Mortgage Brokers, trying to second-guess the market in the long term is “an impossible art” and the time to fix, for many, has already passed. He points out that this time last year Permanent TSB was offering a 10-year fixed rate from 4.6 per cent, compared with 9.1 per cent today. “The horse has already bolted,” Deeter says. “The smart money always goes first and the stupid money goes at the end.” He recalls clients with seven-figure mortgages who left low-cost trackers early last year to sign up for 10-year fixed-rate mortgages to give themselves a degree of security until 2020, but he would not advise people to do that now.

Also filed in Accountancy, Accountant, Advisors.ie In the Press, Financial Advice, Mortgages, Savings | Tagged , , , , , , | Comments (0)