http://www.guardian.co.uk/business/ireland-business-blog-with-lisa-ocarroll/2011/apr/14/irelands-dirty-little-secret-tracker-mortgages
Banks are paying 5% or more for finance and won't see returns on trackers for years. Even if the ECB rate goes up four or five times between now and the end of 2012, the base rate will still be less than 2.5% - half of the banks' financing costs.
Banks are paying 5% or more for finance and won't see returns on trackers for years. Even if the ECB rate goes up four or five times between now and the end of 2012, the base rate will still be less than 2.5% - half of the banks' financing costs.
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