Brendan Burgess
Founder
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I have an article in today's Examiner
Mortgage bill the only way to drive down rates
Two years ago, when we launched the Fair Mortgage Rates Campaign, Irish borrowers were paying 4.5% compared to an average Eurozone rate of 2.64% — a difference of 1.86%.
Since then, the average rate for new business in Ireland has dropped to 3.56% while the average Eurozone rate has fallen to 1.81%.
So the gap has remained pretty much the same. Today Irish borrowers are still paying 1.75% more than the average rate paid by borrowers in other Eurozone countries.
Mortgage bill the only way to drive down rates
Two years ago, when we launched the Fair Mortgage Rates Campaign, Irish borrowers were paying 4.5% compared to an average Eurozone rate of 2.64% — a difference of 1.86%.
Since then, the average rate for new business in Ireland has dropped to 3.56% while the average Eurozone rate has fallen to 1.81%.
So the gap has remained pretty much the same. Today Irish borrowers are still paying 1.75% more than the average rate paid by borrowers in other Eurozone countries.