NIB Fixed Rate Mortgages Rise by 37%

NIB have made fairly large increases to  their fixed rate mortages today.
A 2 year fixed rate was available with an interest rate of  3.9% – but from today the same mortgage has a rate of  5.35% . That is an increase of 1.45 base points or a 37% increase. Similar increases on the 3 and 5 year fixed rates have also been introduced . The 3 year rate went from going from 4.1% to 5.8% and the 5 year fixed rate going from 4.4% to 6.45%. (a 46% increase !) . Is this a trend that other lenders are going to follow?  With PTSB starting the move towards higher variable rates – maybe the lenders are also going to move fixed rates higher also.

See the Best Fixed Rate Mortgages