Midlands Credit Union Expects Mortgage Rate Hikes To Continue

The European Central Bank is expected to increase rates again next week.

Mortgage rates are likely to continue to increase according to the manager of a midlands Credit Union.

That's ahead of an expected rate hike from the European Central Bank next week.

The move will affect around half a million Irish tracker and variable rates.

North Midlands Credit Union manager, Tom Allen says all the indicators suggest mortgages will continue to become more expensive to service:

More from Midlands News