BoI announces mortgage rate reductions

Bank of Ireland Mortgages today announced rate reductions across its portfolio of home loan and investment fixed-rate mortgage products.

The cuts will mean a reduction in the two-year, three-year, five-year, 10-year and 20-year fixed rates and are in response to the improvement in the cost of funds on the financial markets. A new four-year fixed rate has been introduced.

Bank of Ireland’s share price on the ISEQ was €12.70 at lunchtime today, up 19c (1.5%) on its opening price.