Karl Deeter, CEO of OnlineApplication.com, cautions homeowners that interest rates on mortgages bought by vulture funds may increase as high as 10% by the end of the year. In this two-tier mortgage market, older customers with performing loans can switch banks or fix their rates to lessen the impact of European Central Bank rate hikes. Although the rates on equity-release mortgages are still high, some older borrowers may be able to switch. Let's hope radical solutions are put in place to avoid thousands of families whose loans were sold to vulture funds from being forced back into arrears. Are you affected by this mortgage crisis? Share this post with anyone who might be affected by this issue. Read more here: https://www.independent.ie/business/personal-finance/property-mortgages/mortgage-prisoners-could-face-rates-of-10pc-before-end-of-the-year-42362193.html