Your Personal Finance Questions – Should I Give Up My Tracker Mortgage Now That Rates Are Rising Fast?

Q I have a tracker mortgage so my mortgage bills have gone up twice since last July as a result of the two European Central Bank rate hikes. The rate on my tracker mortgage was 1.5 percent before the ECB started raising rates in July. Now, at 2.75 percent, it’s almost double that. Tracker mortgages have always been considered gold dust, but I’m now considering fixing my mortgage over concerns that the ECB could hike rates again in the coming months, which would send my mortgage bills even higher. Would it be a good idea to give up my tracker and fix my mortgage?

https://www.independent.ie/business/personal-finance/your-personal-finance-questions-should-i-give-up-my-tracker-mortgage-now-that-interest-rates-are-rising-fast-42086396.html Your Personal Finance Questions – Should I Give Up My Tracker Mortgage Now That Rates Are Rising Fast?

Fry Electronics Team

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