Interest rate cut by 0.5%

Interest rates have been cut by 0.5% by US EU and US banks. When and if will Irish banks pass this on and when will we be affected for mortgages?

the feckers always put the up asap and take ages to bring them down

Oh god I really hope we get it, what kind of money diff woudl that make?

well i was reading for a £150,000 it would be £47 a month difference. So depending on your amount of mortgage.

€250,000 variable mortgage will be cut by €105.00...if and when the banks pass it on!

anyone tell me? we on capped tracker and not sure int rate, i not at home but have letter here from last year stating our revised int is 4.99% (typ apr 5.10%) anyone know if we benefit? sorry sound syupid, just not at home where info is!

If you're on a tracker it def benefits you because a tracker is ECB + a % say ECB + .8% would have been (before decrease) = 5.05% this will now reduce to 4.55%. The only people not benefiting are the fixed rates! The banks have to pass it on within a certain time frame or the government are applying penalties

That is one creepy picture porshe!

[quote:gd3gxe4i]That is one creepy picture porshe![/quote:gd3gxe4i] Sorry yeah I know I wish there was a way i could only use it in P&B dont mean to offend