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ECB decision good news for mortgage holders

ECB decision good news for mortgage holders
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Trevor Grant , European Central Bank , Irish Mortgage Advisers , Governing Council ,

Where next for interest rates as ECB pauses?

Where next for interest rates as ECB pauses?
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Ireland, along with Greece, endures the highest mortgage rates in EU


Ireland, along with Greece, endures the highest mortgage rates in EU
Overall trend appears to be downward, albeit very, very slowly
The only meagre consolation here is that our average interest rates fell by 0.11% in the year to last November. Picture: Pexel
Fri, 22 Jan, 2021 - 10:56
John Hearne
Who pays the highest mortgage rates in the EU? We do, together with the Greeks. 
According to the Central Bank of Ireland’s latest interest rate bulleting released this week the average interest rate on new mortgages agreed in November was 2.79%. That’s over twice the EU average of 1.31%.
Just to give you some idea of what’s available elsewhere: Last summer, Jyske Bank in Denmark launched the world’s first negative interest rate mortgage. Homeowners who take out a 10-year fixed mortgage make their repayment as usual, but the total borrowed actually reduces by more than the borrower has paid. ....

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