Don’t hold breath for big mortgage cuts, says expert, as KBC cuts key fixed-rates

Borrowers shouldn’t hold their breath for Irish banks to cut mortgage rates by any great extent despite the ECB being widely-tipped to cut some official rates next month, a leading broker has said.

Michael Dowling was speaking after KBC Bank cut a range of its fixed home loan rates — its two-year and 10-rate home loan rates — to help keep their market-winning edge.