Stephen Hamilton: Forecast for some mortgage holders remains cloudy

Fixed and variable mortgage holders do not have the guarantee that tracker mortgage customers benefit from and so their future is cloudier.

The ECB looks set to decrease their main refinancing rate before August this year with further decreases set to follow into 2025. Picture: Michael Probst/AP

As we move further into 2024 and beyond, homeowners across Ireland find themselves bombarded with news about the impact of inflation and rising house prices. Inflation looks like it is coming under control and world central banks, thankfully, look set to start reducing interest rates.

For households with mortgages, particularly tracker mortgage holders and fixed-rate customers nearing the end of their contracts, the outlook for mortgage interest rates in the coming years carries huge implications.