Irish mortgage interest rates now amongst lowest in Europe

Ireland now has the third cheapest mortgage rates in the Eurozone.

Ireland has the third cheapest mortgage rates in the Eurozone, behind countries such as Germany, Belgium, and the Netherlands.

Average mortgage interest rates in Ireland are now amongst the lowest in Europe despite a series of rate hikes by the European Central Bank (ECB).

New figures from the Central Bank of Ireland show the weighted average interest rate on new Irish mortgage agreements at the end of November was unchanged at 2.57%. In the same period, the equivalent euro area average rose by 19 basis points to 2.84%. The rate in Ireland remains below the euro area average.