Paul O’Donoghue
Irish consumers pay an average of more than €150 each month on their mortgages compared with their European peers because of high interest rates, an expert has said.
Paul O’Donoghue
Irish consumers pay an average of more than €150 each month on their mortgages compared with their European peers because of high interest rates, an expert has said.
Charlie Weston 1 sept 2018
Q: I currently have a €300,000 mortgage and have 25 years left on it. Two years ago, I moved to a five-year fixed rate which I thought was a good move because it would give me the peace of mind knowing my repayments won’t change for five years.
A new report shows the average retail interest rate here on new mortgages in June was 3.23 per cent while the Eurozone average was 1.78 per cent