Average mortgage rates in Ireland fell slightly in April, according to the latest Central Bank of Ireland data.
The average interest rate on a new mortgage was 4.24% in April, down 0.07 percentage points compared the previous month.
This meant Ireland had the seventh highest rates in the Eurozone, an improvement of one place on March figures.
The Eurozone average fell for the fifth month in a row to 3.81% with rates varying across the currency bloc from as low as 2% in Malta to as high as 6.23% in Latvia.
Despite the marginal decline, the average rate attached to new home loans remains close to a seven-year high.
The monthly mortgage rates figures were produced in advance of an anticipated European Central Bank rate reduction last week. The Frankfurt-based central bank trimmed its key lending rate, the one that affects mortgage rates, by 25 basis points to 4.25 per cent, down from the record high of 4.5 per cent.
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