The average mortgage rate fell to 3.72 per cent in April, according to new figures from the Central Bank.

Lower rates should support growth amid signs that the post-pandemic recovery is slowing in the 20 countries that use the euro currency.

The Central Bank said the recommendations will be implemented over the coming months

Irish homebuyers still face the joint sixth-highest rates in the euro zone

The European Central Bank’s key lending rate, which affects mortgage rates, will fall from 4.5 per cent to 4.25 per cent.

Policymakers gather to brainstorm and pave ground for June interest rate cut

Ireland had the 10th lowest mortgage rates in the euro zone at the end of last year