The ECB has cut its interest rates to a new historic low of 0.15 percent in a move aimed at boosting the eurozone economy.
It's good news for those on tracker mortgages, but there are fears those with variable rate mortgages will suffer as a consequence.
The ECB cut comes on the back of new figures from the Central Bank which show the number of people in long term arrears has grown.
Juliette Gash reports;
