Mortgage interest rates fall marginally ahead of anticipated cuts 

However, there are an estimated 100,000 mortgage holders whose fixed rate will expire within the next 12 months and who are therefore facing a significant financial shock, warned one expert.

The declines come after markets indicated that the European Central Bank (ECB) reached a peak with interest rates in September after an aggressive campaign to drive down inflation. Pic: Colin Keegan, Collins Dublin

The average interest rate on new mortgage agreements fell slightly again in November, continuing the trend recorded in the month before, according to new figures by the Central Bank.

The regulator’s statistics showed that the average interest rate on a new mortgage was 4.25%, falling marginally from 4.27% in October, which was also down from 4.30% in September.