Irish mortgage rates well above Eurozone average

The weighted average interest rate on new fixed-rate mortgage agreements, which make up 82% of all new agreements, was 2.59% in April. Picture: Colin Keegan, Collins Dublin

Ireland's mortgage rates are the second-highest in the eurozone after Greece, revealed statistics released by the Central Bank today.

The weighted average interest rate on new Irish mortgages was 2.77%, compared to the Eurozone average of 1.59%.