Ireland's mortgage interest rates remain third highest in the euro area

Only Greece and Latvia charge higher interest rates than Ireland

The overall volume of new mortgage agreements in July fell by 35% compared to the same period last year.

The average interest rate on new mortgages increased to 2.82% in July with Irish lenders charging the third-highest rates in the euro area.

New figures from the Central Bank show the average interest rate on a new fixed-rate mortgage  was 2.67% while new variable rates averaged at 3.44%.