UTV featured a piece that was lead by Chris Donoghue about variable rate mortgages, Paul Colgan their economics editor went through the background and this was followed by a debate with Brendan Burgess of AskAboutMoney.com and Karl Deeter from Irish Mortgage Brokers.

Our view was that rates have been falling, even the couple in the story inadvertently mentioned this stating they used to be on a 6.5% rate, and that they will continue to fall.

Upside down pricing, a negative yield curve and many other factors all point towards this and nothing we do will prevent it, the best you can hope for is that the process is sped up a little.