In Ireland, mortgage rates fell for the third month, averaging 4.19% and 1.5% higher than last year, due to larger mortgages, shorter terms, and increased green mortgages.
Mortgage rates in Ireland have fallen for the third consecutive month, according to the Central Bank. The average interest rate on a new mortgage is now 4.19%, a 0.06 percentage point decrease from the previous month. Despite this, it is still 1.5 percentage points higher than the same period last year. The latest reduction in rates has been attributed to people taking out larger mortgages, shorter-term rates and an increase in green mortgages.
February 15, 2024
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