Mortgage interest rates may be rising, but that doesn’t mean you should rule out switching

The rates available to Irish borrowers still vary, so it’s worth reviewing what you’re paying

Tracker mortgage holders have been with ten consecutive ECB rate rises

For a decade up to the middle of 2022, mortgage interest rates were extremely low. The European Central Bank’s rate had been at zero per cent for six years, and you could still fix your mortgage at rates from 1.95 per cent.

How things have changed. Since July 2022, tracker mortgage holders have been hit hard. They have endured ten consecutive ECB rate rises, causing repayments to increase by €220 per month for every €100,000 ...