Will Mortgage Rates Go Down In 2024 Ireland. The mortgage interest tax credit provides relief only to people who had an outstanding mortgage balance of between €80,000 and €500,000 at the end of 2022 on. The result is that dramatic changes in mortgage rates in 2024 are relatively unlikely and irish borrowers will probably have to get used to higher mortgage rates.
The better news is that ecb interest rates have now peaked and offers to new mortgage holders should not increase any further, bar some market set back. For around 70,000 households in ireland with fixed mortgage rates expiring in 2024, there’s an opportunity to experience lower interest rate hikes than initially.
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