This may have been asked and answered before, but for the second month my mortgage interest rate has gone down but my repayment has gone up. The letter I received says my repayment is now €872.84 per month up from approx €857. The new rate is 4.88%. I'm with the EBS, I have a 30 year mortgage with about 95k remaining. I have been overpaying to try to clear it and I've about 16 years remaining at the current repayments, which I fixed at €900 per month inclusive of house insurance and life assurance - I have the mortgage since September 2002 and am a first time buyer. I rang the EBS last month and was told that since the interest rates had gone down so would the trs, but I'm now back at a rate I was paying earlier this year (on a two year fixed) and I'm paying more. Surely if this is the reason everyone else in the country is seeing an increase in their repayments. I realise it has only gone up by approx. €7.50 each time, but I feel something is not quite right. Can anyone explain this to me to arm me a little before I ring the bank? I usually have no difficulty working out my tax and the like but this has me a bit stumped!!