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Realistbear

B O I Announces It Is Hiking I R

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http://www.businessworld.ie/livenews.htm?a...rollingnews.htm

BoI raises all its fixed-rate loan rates
Friday, April 21 13:01:44
(BizWorld)
Bank of Ireland today said it had increased rates across its portfolio of home loan and residential investment loan fixed-rate products.
It said the increase was due to the rise in cost of funds on the financial markets.

The increase was due to__________________________?

Any Bulls able to spin this one?

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http://www.businessworld.ie/livenews.htm?a...rollingnews.htm

BoI raises all its fixed-rate loan rates
Friday, April 21 13:01:44
(BizWorld)
Bank of Ireland today said it had increased rates across its portfolio of home loan and residential investment loan fixed-rate products.
It said the increase was due to the rise in cost of funds on the financial markets.

The increase was due to__________________________?

Any Bulls able to spin this one?

Keep it coming RB

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"For example, our 1-year fixed has increased by 13 basis points (bps). This represents a rise of E17 per month on a 250,000 mortgage over 25 years. Our 3-year fixed rate increased by 24bps, representing an increase of E33 per month".

Other examples include a 0.26pc rise in the bank's 20-year home loan, fixed rolling to ECB + 1.25pc for new and existing borrowers and a 0.34pc increase in its 20-year investment loan fixed rolling to ECB + 1.25pc for new and existing customers."

So, the cost of a pizza on a 250000 euro mortgage. That's 300 pizzas you can't afford over the mortgage adding 10 years to your life expectancy to enjoy the property you now own outright.

Will that do for a spin?

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"For example, our 1-year fixed has increased by 13 basis points (bps). This represents a rise of E17 per month on a 250,000 mortgage over 25 years. Our 3-year fixed rate increased by 24bps, representing an increase of E33 per month".

Other examples include a 0.26pc rise in the bank's 20-year home loan, fixed rolling to ECB + 1.25pc for new and existing borrowers and a 0.34pc increase in its 20-year investment loan fixed rolling to ECB + 1.25pc for new and existing customers."

So, the cost of a pizza on a 250000 euro mortgage. That's 300 pizzas you can't afford over the mortgage adding 10 years to your life expectancy to enjoy the property you now own outright.

Will that do for a spin?

I think you may have missed the point. IR rises without the ECB having to act. It means IR are no longer under the control of the Central Bankers but are being driven by the Creditors. Gordon may find himself in the same position very soon.

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I think you may have missed the point. IR rises without the ECB having to act. It means IR are no longer under the control of the Central Bankers but are being driven by the Creditors. Gordon may find himself in the same position very soon.

You, I presume, are under the illusion that banks always move their rates on the same day that the ECB do? The last ECB move was up, now the BoI is moving theirs up. Not much of a surprise and, more to the point, not much effect on anyone.

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It means IR are no longer under the control of the Central Bankers but are being driven by the Creditors.

No matter what governments do, eventually the market will find a way to return to the norm.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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