Mortgage rates fall to their lowest level in nine months after new drop in May

At 4.17pc, the average interest rate on a new mortgage in Ireland decreased by 0.07 percentage points compared with April. This comes on top of a similar drop in April.

Lenders including AIB, Haven, EBS, Bank of Ireland, PTSB, and Avant Money all cut their rates in anticipation of last month's reduction in European Central Bank rates.

Read at Irish Independent