Mortgage interest rates at near three-year low

Average interest rate on new Irish mortgage agreements as of the end of November last year was 3.53%, down 0.03 percentage points compared to October — the lowest rate since February 2023

Rates remain the sixth highest in the eurozone, Central Bank of Ireland data shows. 

Average interest rates on new mortgages in Ireland dropped to their lowest level in nearly three years during November but remain the sixth highest across the eurozone, the latest data from the Central Bank of Ireland shows.

The weighted average interest rate on new Irish mortgage agreements as of the end of November last year was 3.53% down 0.03 percentage points compared to October and down 0.44 percentage points compared to November 2024.