by The MyHome Newsdesk
There was good news for tracker mortgage holders today as the ECB announced it was leaving its interest rate unchanged.
The current rate of 0.5% is at an historic low and automatically affects those on tracker mortgages whenever it rises or falls.
Every time the rate increases by quarter of a percentage point it adds €15 a month to a mortgage per €100,000 borrowed.
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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