Irish mortgage rates to drop below 3% by year-end, but savers face lower returns

Irish mortgage rates to drop below 3% by year-end, but savers face lower returns

Mortgage rates in Ireland are set to fall below 3 per cent by the end of the year, bringing relief to homebuyers, Irish Independent reported. However, savers have been warned of a downside to the declining rates, as returns on savings accounts are expected to drop significantly in the coming months. The latest figures from … Read more

AIB, ICS Mortgages announce cuts to mortgage rates in relief to customers

AIB, ICS Mortgages announce cuts to mortgage rates in relief to customers

Bringing relief to customers, AIB and ICS Mortgages on Thursday slashed mortgage interest rates following the European Central Bank’s decision to trim its key lending rate for the second time this year. AIB reduced its five-year Green fixed mortgage rate by 0.25 per cent. It is availabe for homes with a BER rating between A1 … Read more

Irish mortgage rates drop to 10-month low as deposit rates hit 15-year high

Irish mortgage rates drop to 10-month low as deposit rates hit 15-year high

Irish mortgage rates continued to decline in June, while deposit rates reached their highest levels in over 15 years, according to new data from the Central Bank of Ireland. The average interest rate on a new mortgage fell to 4.11 per cent, marking the third consecutive month of decreases and bringing rates to their lowest … Read more