Sharp rise in Irish mortgage rates as ECB hikes extend to consumers 

The average interest rate on a new mortgage increased dramatically by 62 basis points, with total volumes down 30%

Across the now 20-nation union, average rates increased by 19 basis points, compared to Ireland's 62 basis point rise, with the average mortgage rate across the Eurozone now at 3.52%

Irish mortgage rates rose by a sharp 62 basis points in March as continued hikes from the European Central Bank pass through to Irish customers.

Rising to 3.54%, the average interest rate on a new mortgages increased dramatically from just 2.92% a month prior, with the rate at which Irish mortgage interest is growing outpacing all other Eurozone countries.