But the fall was sharper in most other countries, a move that widened the gap between Irish mortgage rates and the average across the Eurozone. This works out at €85,000 over the lifetime of the mortgage, according to calculations by Brokers Ireland. Mortgage rates in this country remain the second highest after those in Greece. “Worryingly, the gap between the average rate charged in Ireland and in the Eurozone only appears to be getting bigger,” he said. He said that over the past year the average rate here has fallen by 0.11pc, but it has plummeted by 0.35pc in Europe.

Source: Irish Independent November 08, 2019 14:03 UTC