Why Ireland has limited fixed interest mortgage rates

Long-term fixed mortgage rates have only become available in Ireland since October from Avant Money and Finance Ireland

If you go to a mortgage broker, you get a quick decision and an online application, and you will also get the option of long-term fixed interest rates with great flexibilities built into these products.

This newspaper has flagged the strong likelihood of the European Central Bank (ECB) increasing interest rates by the fourth quarter of 2022 with more increases planned for 2023.

The expected increases by the end of 2023 are between 1% to 1.5%. In, March 2016, six years ago, the ECB base rate fell to 0% and since then, we have experienced historically low-interest rates in Ireland, not ignoring the fact that we have consistently paid the highest interest rates in Europe.