Raise in interest rates

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    • December 1, 2005 at 2:01 pm #51396
      Anonymous
      Participant

      I see the ECB has decided to raise the base rate by .25% to 2.25%. Has anybody worked out yet the potential impact on mortgage repayments per 1000 euro borrowed.

      Also, will this have any further impact on the already depressed resale market.

      Regards
      Kevin

    • December 1, 2005 at 5:44 pm #60085
      Anonymous
      Participant

      On a mortgage of €100,000 at an average of 3.5% the 25 point raise will mean an increase of €21 a month. (Assuming a straight increase of 0.25 by the bank)

      Personally I don’t think this will impact all that much, in fact why the ECB bothered at all is a mystery. Still makes the UK look expensive!

    • December 1, 2005 at 10:02 pm #60087
      Anonymous
      Participant

      I was at the bank today and the rate is now 3.75% and due to rise. Although low it will worry some buyers wary about the bad old days of 15% plus rates! (UK of course)

    • December 2, 2005 at 9:17 am #60089
      Anonymous
      Participant

      Does that mean we can expect a higher rate of interest on our deposit, that the developers have to pay us for non build, when we action our Bank Guarantee or “whatever”?

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