Mortgage rate ‘still too high’
FIRST-TIME buyers in Ireland pays €150 more for their mortgage each month compared to the Eurozone average.
The Central Bank said the average interest rate issued here in September was 3.08%.
This compares to an average rate of just 1.76% across the Eurozone.
Price comparison site bonkers.ie spokesman Daragh Cassidy said: “It’s incredibly frustrating rates remain so elevated here.”