Homeowners Facing Biggest Hike In Mortgage Costs For More Than A Decade

Homeowners are facing the biggest hike in mortgage costs for more than a decade.

Reports in today’s Irish Independent say the country is facing as many as three interest rate increases by the end of the year.

That could cost homeowners an extra one-thousand euro a year in higher repayments.

The European Central Bank last raised interest rates in August 2011 – but hikes this year are expected in July, September and December.