Irish mortgage rates see biggest rise in five years
New figures from the Central Bank show that Ireland had the second highest mortgage rates in the euro area in January, coming just after Greece.
The Central Bank said the average interest rate on new Irish mortgages was 2.76% in January, up from 2.69% in December but down three basis points on the same time last year.
The average for the euro area stood at 1.31% in January, up from 1.29% in December. The Central Bank noted that the rate varied considerably across countries.
Finland once again has the lowest average mortgage rate in the euro zone at just 0.79%, closely followed by Portugal at 0.80%.
Today's Central Bank figures show that the weighted average interest rate on new fixed rate mortgage agreements, which account for 81% of all new home loans, was 2.59% in January. This equates to a decrease of six basis points on January 2021 and was unchanged from the previous month.
https://www.rte.ie/news/business/2022/0309/1285318-central-bank-on-mortgage-rates/