The news is much bleaker when all the rate increases are totted up.
Now, the situation bas been reversed with the tracker mortgage holders set to pay from 4.25 to more than 5 per cent with variable rates in Ireland largely untouched in recent months.While the average tracker holder has an outstanding mortgage of less than €100,000, one in five, own an average of €225,000 and have 19 years left on their term.
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