Robert Besser
14 Mar 2023, 17:18 GMT+10
DUBLIN, Ireland: Finance Ireland, is increasing its fixed mortgage rates by as much as 0.75 percent.
Three-year fixed rate loans will increase to 6.29 percent, and the new highest 5-year rate will be 6.22 percent.
Finance Ireland also announced that 5-year fixed rates will increase by 0.5 percent, while 3-year fixed rates will increase 0.75 percent.
The new rates go into affect this week.
However, earlier loan offers will be honored at their stated rates, as customers have until April 17th to close.
"Cases at a pre-offer stage will have the new rates applied at loan offer," Finance Ireland said in a statement.
Finance Ireland raised its standard variable rate products by 1 percent in February.
The company increased both variable and fixed rates for its mortgage products in October by 1.5 to 2 percent.
Also in October, Finance Ireland suspended fixed rate mortgages for periods of 10 years or more to new applicants.
Finance Ireland is a non-bank lender which, along with others, has faced greater pressure than banks to increase rates, since they are funded from the wholesale markets where rates have greatly increased.
Get a daily dose of Peking Press news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Peking Press.
More InformationNEW YORK, New York - U.S. stocks closed mixed on Monday following on from last week's volatility."Digestion is the word ...
REDMOND, Washington: Microsoft President Brad Smith said there is no chance of super-intelligent artificial intelligence (AI) being developed within the ...
NEW YORK: A survey by Consumer Reports found that electric vehicles (EV) from 2021 through 2023 model years encountered nearly ...
LONDON, UK: In a report released this week, the Economist Intelligence Unit (EIU) said that Singapore and Zurich tied for ...
WASHINGTON D.C.: This week, the U.S. Federal Aviation Administration (FAA) said it implemented a new aircraft certification policy, which requires ...
WASHINGTON D.C.: As businesses built more warehouses and accumulated machinery equipment, the U.S. economy grew faster than initially forecast in ...
KUALA LUMPUR, Malaysia - According to Malaysia's foreign ministry, 121 people, mostly Malaysians suspected of being victims of job scams, ...
BEIJING, China: The Chaoyang District Intermediary Court in Beijing has begun compensation hearings for the Chinese relatives of those who ...
BENTONVILLE, Arkansas: As part of its efforts to reduce reliance on China, cut costs, and diversify its supply chains, Walmart, ...
NAYPYIDAW, Myanmar: Kyar Win, spokesperson for the Myanmar National Democratic Alliance Army, which launched a surprise offensive last month against ...
BEIJING, China: The country's commerce ministry said that during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho ...
© Provided by Xinhua JIUQUAN, Dec. 5 (Xinhua) -- China on Tuesday launched the CERES-1 Y9 carrier rocket from the ...