118. Deputy Michael McGrath asked the Minister for Finance his views that reductions in fixed mortgage rates offered by the banks represent an inadequate response to the widespread public concern over high variable rates; that it is important that all domestic banks reduce their core variable rate product offerings; his plans to address high mortgage rates by the non-deposit taking, retail credit sub-prime sector; and if he will make a statement on the matter. [33182/15]

Summary

118. Deputy Michael McGrath asked the Minister for Finance his views that reductions in fixed mortgage rates offered by the banks represent an inadequate response to the widespread public concern over high variable rates; that it is important that all domestic banks reduce their core variable rate product offerings; his plans to address high mortgage rates by the non-deposit taking, retail credit sub-prime sector; and if he will make a statement on the matter. [33182/15]

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• Mortgage Interest Rates

  xml · EN · 29 September 2015

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