Irrational banking, non-competition creating profits unexpectedly. That banking in Ireland is a little irrational at present is a given, however, there are occurrences in the market which will change pr... Continue reading
Track that Yield Curve! ECB effects. Today the FT has reported that the ECB will offer unlimited 12 mth repo facilities to banks, this is a big step for the generally hawki... Continue reading
A bank who wants clients should issue a tracker offering. Trackers are dead and gone, there is one on the market but it's at a margin so high that it is effectively worse than a bad variable ra... Continue reading
The lower rates go, the worse it gets (for some) There are winners and losers in every rate cut, so literally somebody, somewhere loses out every time, this can be the bank, a borrower... Continue reading
European stimulus plans The ECB meeting is due to meet this week on the 7th and a further 0.25% rate cut is expected which will bring European base rate lendin... Continue reading
Property prices, are we near the bottom? Are property prices bottoming? there are a few reasons why some commentators feel we are going to start to see recovery. 1. Many ... Continue reading
Euribor yield curve changes April 2009 Below are two charts of the Euribor yield curve (many thanks to Bank of Scotland Treasury for their excellent daily reports!). Here ... Continue reading
To fix or not to fix, even if it ain’t broken Paul O'Connor from MyHat.ie asked me to do a post about fixed rates, like us, they get lots of questions on mortgages, property etc. ... Continue reading
The pincer of fixed rates while in negative equity A recent article in the Independent stated that 'fixed rate borrowers are taking all the pain'. The base rate has fallen from 4.25% to ... Continue reading
The Criteria Crunch We have just been informed that one the lenders we deal with are only getting through applications received by the 4th of March, that i... Continue reading