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This afternoon the European Central Bank has raised interest rates by 0.25%, and hence all the banks in Europe, probably will increase interest rates on home loans and home.
In Ireland at this time, you can get two types of loans: fixed rate and variable rate (loosely associated with the rate of central bank credit). Once a loan is also available called the tracker, who works as loans in Poland, is closely related to the interest rate the central bank, if it increases the rate of European bank customers will immediately feel an increase in.
Also today, the European bank is pick your feet, and the two largest banks in Ireland have already announced increases for all customers with a variable rate loan. There is one snag. Recent rise in interest in European bank took place in April this year (also 0.25%), but not all banks provided this increase to their customers. And now they have a chance to make up for it and raise rates by as much as 0.5%. And how much is the monthly? This is exactly € 30 more per month for each 100 000€ credit. Taking into account, The average loan is 300 000€ a month, so it will be a 90 €, which annually gives 1080 €.
Is that a big increase? Now many families have difficulty repaying the loan, even already lost part of his estate. What will happen now?

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