Irish mortgage rates still the costliest

Irish mortgage rates have fallen only slightly in the past year, while buy-to-let investment borrowers have stopped falling altogether, leaving all Irish mortgages the costliest by far in the eurozone, official figures show, writes Eamon Quinn.

Irish mortgage rates have fallen only slightly in the past year, while buy-to-let investment borrowers have stopped falling altogether, leaving all Irish mortgages the costliest by far in the eurozone, official figures show, writes Eamon Quinn.

The Central Bank said a standard variable rate for new mortgage lending fell by 6 basis points in the year to 3.41% in the third quarter of 2017, while fixed-rate mortgage rates of one to three years fell by almost 30 basis points to 3.13%.