AIB is to cut some of its fixed mortgage rates from close of business tomorrow.
The bank said its two-year rate would come down by 0.55 points, while the three-year rate would be lowered by 0.25 points. This would bring both rates to 5.2%.
AIB said that while mortgage business across the market was down this year compared with 2007, it had seen a pick-up in demand in the second quarter of this year from the first.
Bank of Ireland and IIB Bank have both cut fixed mortgage rates in the past few weeks.
