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ECB raises interest rates by 0.25% to 2.25%

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  • 01-12-2005 2:06am
    #1
    dochasach
    Registered Users Posts: 180 ✭✭


    The european central bank is expected to raise interest rates later today. I don't yet know by how much. I'm curious if anyone is moving from an ARM to a fixed mortgage based on this rise? I'm also wondering if even a 0.5% rise in interest rates will price anyone out of a particular market or otherwise influence their buying decision? Does anyone plan to use the fact that rates are rising to negotiate a better price with the estate agent or are most people still convinced there will always be an undersupply of property?


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