Irish Independent: Homeowners’ hopes of mortgage rate cuts dashed

0

The gap in costs is so great between variable rates and trackers that a family will need to earn €12,500 a year just to pay the premium being charged on variables.The extra cost imposed on families means that a two-parent household will have to work 11 weeks more in a year to pay for it, according to calculations done by the Irish Brokers Association.

http://www.independent.ie/business/personal-finance/property-mortgages/homeowners-hopes-of-mortgage-rate-cuts-dashed-31328573.html