ECB rate increase
The Governing Council of the European Central Bank has increased the ECB key lending rate by 50 bps today from 2.5% to 3%.
How much is enough?
Carl Richards (Author & Financial Advisor) on how to find the right balance between saving/investing and spending.
What to do in a bear market?
Robin Powell of the Evidence Based Investor interviews Joe Wiggins (Behavioural Finance Expert) who gives some advice to investors on how to behave during a bear market.
Is it worth breaking from your current fixed rate mortgage?
We have been asked this question repeatedly over the last number of months and in most cases the answer has been yes, mainly because Irish borrowers have preferred shorter term fixed rate products in the past.
Changes to Central Bank mortgage measures effective now ....
The Central Bank's new measures for mortgages are effective from January 2023. These changes will allow a first-time buyer borrow up to 4 times their income (single or combined). This is an increase from 3.5 times their income.
Ireland (for now) has the third cheapest mortgage rates in the Eurozone
Ireland now has the third cheapest mortgage rates in the Eurozone. Unusually, Irish rate increases have lagged compared to other Eurozone countries, but it likely won’t stay that way for too long.