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Triple whammy of hikes: Homeowners face €1,000 mortgage bill rise this year

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ECB President Christine Lagarde

ECB President Christine Lagarde

ECB President Christine Lagarde

Homeowners face the biggest rise in mortgage costs in more than a decade, with three interest rate increases now likely by the end of the year.

The succession of hikes could cost homeowners an extra €1,000 a year in higher repayments. The European Central Bank (ECB) is expected to raise rates in July, September and December.


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