According to new Central Bank statistics Irish homeowners are paying well below the European average on home loans.
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Euro Debt Crisis ‘Could Bring Mortgage Interest Rates To Historic Lows’
MortgagesEurope’s mortgage rates could be on path to hit a historic low, as the region does what it can to save the Euro during the Euro debt crisis.
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AIB: 25 Percent Deposit For One-Bedroom Mortgage
MortgagesAIB is reportedly asking would-be homeowners looking to purchase a one-bedroom apartment to pay more than a 25% mortgage deposit. As reported in the Herald.ie, the state-owned lender has reduced the level of mortgage funding for one-bedroom properties – a move could hurt first-time buyers.
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Variable Rate Homeowners Could See Relief From High Payments
MortgagesAccording to a report in the Independent, homeowners may be set to receive three further interest rate cuts besides the one already given.
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Bank of Ireland offers to buy back €1 billion in mortgage securities
MortgagesAs reported in The Independent, The Bank of Ireland has proposed to buy back €1 billion in mortgage securities from investors.
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2011 Ireland’s Mortgage Sector Anticipated To Be Worst Since 1971
MortgagesAccording to the IBF/PwC Mortgage Market Profile, which was recently published, more than 3,600 mortgages with a total value of €623 million were given out in the third quarter of 2011. The results for this year are expected to be the lowest since 1971.
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