Lending

Irish mortgage rates third-lowest in eurozone last November, but increases on horizon

New figures show the average interest rate on new Irish home loans remained at 2.57% last November, but figures largely predate hikes from big Irish lenders

Only France and Malta offered cheaper mortgages than Ireland last November. Picture: Getty

The average interest rate on Irish mortgages is now the third-lowest in the eurozone, having remained at record lows at the end of last year.

New figures from the Central Bank of Ireland (CBI) showed that the average interest rate on new Irish home loans remained at 2.57 per cent in November 2022, during a period when the average rate across the eurozone rose by 19 basis points to 2.84 per cent.

Fixed-rate mortgages, which ...