Irish homeowners and families are facing further mortgage pressure amid fears three more interest rate rises will be announced by the European Central Bank (ECB) later this year.
Next week, the ECB is expected to reveal a further mortgage interest rate hike, the Irish Independent reports.
The rise, which is anticipated to be between 0.25 to a possible 0.5 percentage-points, will make it much harder for first-time buyers to purchase a home as well as increase pressure on the hundreds of thousands on tracker mortgages.
