AIB increases rates on some fixed-rate mortgages

AIB is increasing the rates on some of its fixed-rate mortgage products with homeowners being urgedto take advantage of historically low interest rates.

The bank said it has increased the fixed rates on its three, five and 10-yearofferings but not on its one and two-year products.

Director of the Irish Mortgage Corporation, Frank Conway said the announcement by AIB to increase rates is not a surprise and even with the most recent increases, they continue to have some of the best fixed-rate deals in the market.