43% of existing mortgages are on non-tracker variable mortgage rates

[Brendan Burgess]

Based on the latest quarterly release: https://www.centralbank.ie/statistics/data-and-analysis/credit-and-banking-statistics/private-household-credit-and-deposits, it can be seen that as at June 2017 for principal dwellings;

• SVR (including up to 1 year fixed) represented €36.510 billion or 42.70 per cent of outstanding values
• Tracker represented €36.71 billion or 42.93 per cent of outstanding values
• Fixed rates of over 1 year maturity represented €12.283 billion or 14.37 per cent of outstanding values.

 

[Brendan Burgess]

Over 50% of new mortgages are on fixed rates, but only about 25% of the non-tracker mortgages.

Brendan