New hedging product for home owners

World Spreads, the Dublin and London financial betting company, will launch a new hedging product next week that will allow Irish home owners to insure against the escalating cost of rising mortgage rates.

11th March, 2006

World Spreads, the Dublin and London financial betting company, will launch a new hedging product next week that will allow Irish home owners to insure against the escalating cost of rising mortgage rates.

The contract, which will be called Irish House Prices on Fire, is designed to help safeguard home owners, first time borrowers and investors from the danger that the European Central Bank (ECB) will raise interest rates faster than expected.

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