The average interest rate on new Irish mortgages increased to 3.82 per cent in January, up from 3.8 per cent in December, despite recent rate cuts from the European Central Bank, according to new figures from the Central Bank. Ireland now has the fifth highest average mortgage rates in the euro zone, where the overall … Read more
The average interest rate on new Irish mortgages fell to 3.8 per cent in December, down from 3.97 per cent in November, according to new figures from the Central Bank. This marks the lowest rate since April 2023. The Central Bank also reported that the average mortgage rate across the euro area decreased by eight … Read more
Mortgage rates in Ireland are set to fall below 3 per cent by the end of the year, bringing relief to homebuyers, Irish Independent reported. However, savers have been warned of a downside to the declining rates, as returns on savings accounts are expected to drop significantly in the coming months. The latest figures from … Read more
Bringing relief to customers, AIB and ICS Mortgages on Thursday slashed mortgage interest rates following the European Central Bank’s decision to trim its key lending rate for the second time this year. AIB reduced its five-year Green fixed mortgage rate by 0.25 per cent. It is availabe for homes with a BER rating between A1 … Read more
Irish mortgage rates continued to decline in June, while deposit rates reached their highest levels in over 15 years, according to new data from the Central Bank of Ireland. The average interest rate on a new mortgage fell to 4.11 per cent, marking the third consecutive month of decreases and bringing rates to their lowest … Read more