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:

Man Dies Following Incident on Henry Street in Dublin
Criticism Over "Extremely Slow" Psychological Evaluation Of Teenage Girl Charged With Alleged Fatal Assault Of Scarlet Faulkner
Bertie Ahern Stands Over Immigration Comments
RTÉ Includes Derek Mooney In Revised 2024 Top Earning Presenters List
Fresh Appeal For Kyran Durnin, Who Would Have Turned Ten Today
Domestic Abuse Reports Reach All Time High, With Over 1,000 Reports Made Per Week
Impact Of AI On Public Service Work The Focus At Today's Fórsa Conference
Highest Inflation Rate Since January 2024 Recorded As Consumer Prices Rise