Irish mortgage rates static as period of decline ends

Irish mortgage rates exceeded the euro average by 30 basis points, the regulator found, with Ireland maintaining the 7th position across the euro area

The weighted average interest rate on new fixed-rate mortgage agreements, which constitute 86% of the volume of new mortgage agreements, the highest share since August 2023, was 3.52% in July (AP Photo/Bernd Kammerer, File)

The average interest rate on new Irish mortgages was 3.6% at the end of July, which remained unchanged from the previous month, new figures from the Central Bank of Ireland show.

Data released on Wednesday found that the average new mortgage rates was 51 basis points lower compared to the same period last year, with the equivalent euro area average for July 2025 being 3.3%.