Mortgage holders on variable rates, are being urged to shop around for a lower fixed rate.
The European Central Bank has raised its interest rates by an unprecedented 0.75 per cent, in a big disappointment to mortgage-holders.
It will add 900 euro to the annual cost of repayments for a typical tracker mortgage.
The ECB increased rates by 0.5 per cent in July - but that wasn't passed on to variable mortgage-holders by the main banks here.
Banks here have yet to decide whether they're passing this one on.
The President of the European Central Bank, Christine Legarde, says inflation will drop eventually:
€20BN In PRSI Left Unspent By Govt.
Unions Meeting Today To Discuss Potential Strike Action
Housing Dept. Unable To Publish Latest Homeless Figures Due To Industrial Action
Motorway Toll Price Hikes Announced For January
Gardaí To Engage In Work-To-Rule During EU Meetings Next Month
Kfm's Local Hero 'Sitting Room' Shines At Irish Music Month National Finale
Tánaiste Won't Be "Pointing Fingers" After Anonymous Comments About Culture Minister
Funeral Of Renowned Musician Dónal Lunny To Take Place In Newbridge This Saturday
