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Yes, in Eurozone countries, 10 year fixed mortgage are typically 0.99%. It's amazingly cheap. Down from 3.5% ten years ago. The downside of low rates is house
by stevesimmons 7y ago
Yes, in Eurozone countries, 10 year fixed mortgage are typically 0.99%.
It's amazingly cheap. Down from 3.5% ten years ago.
The downside of low rates is house prices correspondingly very high.
- rsynnott 7y agoExcept here in Ireland, unfortunately; absolute lowest mortgage available is 2.3%. Repossession is especially difficult here, which raises the risk for the lender, and the banks unwisely gave out ECB trackers (as opposed to the EURIBOR trackers more common elsewhere) back in the day; some of these can be as low as 0.5%, so everyone else has to pay for that legacy.