The Irish Central Bank said today that residential mortgages (including securitised mortgages) fell by €162 million during October – - the seventh straight monthly fall. Mortgages outstanding at the end of October were €147.8 billion. The annual rate of change in mortgage lending is now down to just 0.2 per cent. Non-housing related household credit continued to decline during the month, and was approximately 18 per cent lower on an annual basis in October.
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