Mar 1
BoI to cut fixed home loan rates
Posted by susanah.kim at 11:21 am in banking finance, home finance, loan finance, home loan finance uk, bank loan, home equity loan bankruptcy, home loan, loan, home equity loan minnesota, home equity loan comparison, home equity loan
Bank of Ireland and ICS Building Society are to cut their fixed interest rate mortgages from the start of business tomorrow. The cuts apply to new and existing customers. Jonathan Byrne of Bank of Ireland said the reductions were a result of the bank’s monitoring of the cost of funds on the international money markets. Interest rates on these markets moved sharply higher as a result of the credit crunch but have come back in recent weeks.
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