95. Deputy Michael Lowry asked the Minister for Finance if he will intervene to prevent the future increase in mortgage interest rates as announced by a number of named banks earlier this week (details supplied); if his attention has been drawn to the hardship and distress these increases will have on strained mortgage holders; his views on whether this increase will drive further mortgages into arrears; his views on whether increases are beneficial for the economy as a whole; the steps he wil take to lessen this burden; and if he will make a statement on the matter. [20734/13]

Summary

95. Deputy Michael Lowry asked the Minister for Finance if he will intervene to prevent the future increase in mortgage interest rates as announced by a number of named banks earlier this week (details supplied); if his attention has been drawn to the hardship and distress these increases will have on strained mortgage holders; his views on whether this increase will drive further mortgages into arrears; his views on whether increases are beneficial for the economy as a whole; the steps he wil take to lessen this burden; and if he will make a statement on the matter. [20734/13]

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• Mortgage Interest Rates Issues

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