Oireachtas Joint and Select Committees
Thursday, 8 March 2018
Public Accounts Committee
Vote 34: Housing, Planning, Community and Local Government
9:00 am
Mr. John McCarthy:
Generally, when the HFA, working through the NTMA, has secured new borrowings or refinanced borrowings those reductions have been passed on to mortgage holders. The 2.3% is incredibly competitive versus what is available on the market. However, if the interest rate environment were to change, it is likely that according as the cost of funds to the HFA increases, that cost will probably have to be passed on to customers.
No comments