Mortgage rates fall with another ECB cut expected next month

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Mortgage rates fall with another ECB cut expected next month

The average Irish mortgage rate fell to 4.08pc in September, according to the latest data from the Central Bank of Ireland today.

This is down from the 4.11pc rate recorded for the previous three months, and leaves rates in Ireland at their lowest level since the summer of 2023.

Meanwhile, European interest rates are expected to be cut next month for the fourth time this year.

There is now increased competition among mortgage lenders with Avant Money reducing its rates and AIB launching lower cost green mortgages. The Leitrim-based lender Avant is also introducing a cash-back offer across all its mortgage products.

Across the Eurozone the average new mortgage rate has fallen to 3.59pc. However, rates vary hugely across the currency bloc – from as low as 1.76pc in Malta to as high as 5.28pc in Latvia.

Ireland had the sixth-highest rates in the Eurozone, with the gap between average rates here and the average Eurozone rate now at its biggest level in over two years.

Daragh Cassidy, head…



We’ve summarized this news for a quick read. If you’re interested, you can read the full article here:

Mortgage rates fall with another ECB cut expected next month
Independent.ie

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