2020 could be the Year of the Fixed Rate Mortgage in Ireland

2020 could be the year of the Fixed Rate Mortgage in Ireland, says Joey Sheahan, of MyMortgages.ie in an article by Colin Gleeson in the Irish Times

Extra €795m loaned for family homes in third quarter of 2019

Lending was driven by fixed-rate mortgages, as variable rate lending continued to decline

The banks loaned an additional €795 million for the purchase of family homes during the third quarter of last year, the latest figures from the Central Bank show.

This lending was driven by fixed-rate mortgages, with fixation periods of over three and up to five years the most popular amongst borrowers. Variable rate mortgage lending continued to decline.

Says Colin Gleeson in the Irish Times, where Joey Sheahan, Head of Credit, at MyMortgages.ie is quoted, with some predictions for 2020.

Read the full article here – https://www.irishtimes.com/business/financial-services/extra-795m-loaned-for-family-homes-in-third-quarter-of-2019-1.4129569


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