The average interest rate on new mortgages fell by 0.24% to 3.38% in the year to February, latest figures from the Central Bank show.
Variable buy-to-let (BTL) mortgage rates for new drawdowns declined by 0.2 per cent over the 12 months to 2017 to stand at 4.71 per cent. 20 year fixed rate mortgages are being offered for 3.810% today carrying an April of 3.942%. The shorter term, popular 15 year fixed rate mortgage interest rates at the bank can be had for 3.250% today and an April of 3.514%.
Those rates don't include fees associated with obtaining mortgage loans.
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10 year FRMs have been published at 3.125% at the bank with an April of 3.507%. The best 20 year fixed rate loan interest rates are 3.750% at the bank carrying an April of 3.988%.
The volume of new mortgage agreements in the year to February was €5.1 billion, up from €4.4 billion for the previous year. Shorter term 15 year FRM interest rates have been listed at 3.430% at the bank today with an April of 3.598%. A year ago at this time, the 15-year FRM averaged 2.86%.
The best 30 year refinance FRMs at PHH Mortgage can be had for 3.50% today carrying an April of 3.723%.
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