Driving mortgage rates down may be bad move

Calculations from the Irish Brokers Association last week estimated that those with a

standard variable rate mortgage would need to work for an extra 11 weeks per year

compared with those on a tracker mortgage in order to be on even terms financially.

Crude as this sounds, it gives a good insight into the level of variation at play in

the mortgage market and highlights why those paying inflated mortgage rates feel

aggrieved.