by The MyHome Newsdesk
The European Central Bank is expected to announce an interest rate cut of 0.25% at its meeting today.
It would bring the rate to an historic low of 0.5% and would be a boost to struggling homeowners.
The cut would reduce the monthly repayments on every €100,000 owed on a tracker mortgage by €15.
The bank is also expected to unveil new measures to encourage banks to lend in the SME sector.
Ready to start house hunting but need to know how much you'll be paying on your mortgage? Our Irish mortgage repayments calculator will get you the answers you're looking for.
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