Irish mortgage rates remain second highest in Europe

The volume of new mortgage agreements amounted to €955 million in December, the highest monthly volume since the series began

The weighted average interest rate on new Irish mortgage agreements was 2.76% in December 2020, more than double the EU average.

The latest figures from the Central Bank show Irish mortgage interest rates are still far higher than the EU average.

The weighted average interest rate on new Irish mortgage agreements was 2.76% in December 2020, making it the second-highest in Europe, just behind Greece.