Irish mortgage rates remain amongst highest in Eurozone despite falling to nine-month low

Mortgage rates fell slightly in May to 4.17%, Central Bank figures show

Investors are pricing in at least one, but more likely two more ECB interest rate reductions by December after seeing inflation fall from 10% in late 2022 to just 2.5% across the Eurozone last month

Irish mortgage rates fell marginally in May ahead of the European Central Bank's first rate cut since it embarked on an aggressive two-year-long campaign to tame surging inflation. 

New figures published by the Central Bank of Ireland show that the average interest rate on a new mortgage agreement was 4.17% in May, a 0.07% fall on the April average.