Interest rates are set to raise in the very near future, which will lead to costlier mortgages.
The European Central Bank (ECB) has flagged upcoming increases of 0.25% in July and September.
The move will affect around 450,000 mortgage holders here in Ireland.
Ireland has one of the highest mortgage costs in the European Union as it is, and this latest price gouging will hit people hard, particularly in the context of higher cost of living overall.
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