Irish mortgage rates fall ahead of ECB hikes

ECB has signalled that it will continue to raise rates over the coming months

The total volume of new mortgage agreements amounted to €840m in July.

Mortgage rates in Ireland have continued to fall despite recent interest rate hikes announced by the European Central Bank.

The Central Bank said the average interest rate on new Irish mortgage agreements in July was 2.63%, down 10 basis points on July 2021.