Saturday July 4, 2020

New mortgage rates rise to 3.4% average

The average interest rate on new Irish mortgage loans rose eight points to 3.4 per cent in August 2013, well ahead of the eurozone average of 2.8 per cent, the Central Bank said today.

11th October, 2013
Central Bank

The average interest rate on new Irish mortgage loans rose eight points to 3.4 per cent in August 2013, well ahead of the eurozone average of 2.8 per cent, the Central Bank said today.

The interest rate on outstanding loans to households for house purchase stood at 2.93 per cent at end-August 2013, representing a nine basis point increase since August 2012.

The corresponding interest rate reported by credit institutions resident in the euro area was 3.37 per cent.

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