Ireland, along with Greece, endures the highest mortgage rates in EU

Overall trend appears to be downward, albeit very, very slowly

The only meagre consolation here is that our average interest rates fell by 0.11% in the year to last November. Picture: Pexel

Who pays the highest mortgage rates in the EU? We do, together with the Greeks. 

According to the Central Bank of Ireland’s latest interest rate bulleting — released this week — the average interest rate on new mortgages agreed in November was 2.79%. That’s over twice the EU average of 1.31%.