The CB is still lying about true mortgage rates in Ireland

These cross-country harmonised data show that the interest rate on new mortgages in Ireland, currently 3.60 per cent, is the highest of all countries (Chart 3). The median for the selected European countries for new mortgage lending is 2.53 per cent. However, these data include renegotiations of existing loans. When these are stripped out, the new business rate in Ireland during Q4 2014 was 4.26 per cent.

Click to expand...