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Irish Mirror
Irish Mirror
Lifestyle
Danny De Vaal

Irish mortgage rates skyrocket to highest level in six years but it's not all bad news

Irish mortgage rates have skyrocketed to their highest levels since mid-2017, data from the Central Bank of Ireland show.

They said it jumped from 3.63% in April to 3.84% in May but is expected to continue to rise over the coming months.

But despite the high mortgage rate, Ireland’s is the sixth lowest in the Eurozone. It comes as homeowners with a tracker, variable rates, and fixed rate plans are being urged to assess their options.

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