Mortgage holders are being encouraged to try and re-negotiate their fixed rate agreements before repayment costs soar in years to come.
Officials from the European Central Bank will meet on Thursday with a 0.75% hike in rates expected to be agreed.
A family who waits until their current agreement runs out could face paying up to €1,500 more to lock into a new five year rate.
Martina Hennessy from mortgage information website Doddle.ie has this advice for anyone looking for a way forward.
