Written answers
Tuesday, 16 April 2019
Department of Finance
Mortgage Interest Rates
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
147. To ask the Minister for Finance the weighted average interest rate on all new mortgages agreed, drawn from the retail interest rate statistics published by the Central Bank, for each quarter end since 1 January 2014, in tabular form (details supplied); and if he will make a statement on the matter. [17638/19]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
The Central Bank has provided the following data which is indicated (in tabular format) are the calculated weighted average interest rates for new house purchase agreements.
Loans to households for house purchases:
| - | of which - new lending incl. renegotiations | of which - new lending excl. renegotiations |
|---|---|---|
| Mar-14 | 3.36 | n/a |
| Jun-14 | 3.27 | n/a |
| Sep-14 | 3.58 | n/a |
| Dec-14 | 3.75 | n/a |
| Mar-15 | 3.60 | 3.95 |
| Jun-15 | 3.46 | 3.84 |
| Sep-15 | 3.40 | 3.76 |
| Dec-15 | 3.42 | 3.65 |
| Mar-16 | 3.30 | 3.62 |
| Jun-16 | 3.34 | 3.55 |
| Sep-16 | 3.26 | 3.43 |
| Dec-16 | 3.22 | 3.38 |
| Mar-17 | 3.16 | 3.44 |
| Jun-17 | 3.22 | 3.30 |
| Sep-17 | 3.20 | 3.30 |
| Dec-17 | 3.07 | 3.18 |
| Mar-18 | 3.02 | 3.20 |
| Jun-18 | 3.06 | 3.12 |
| Sep-18 | 2.97 | 3.07 |
| Dec-18 | 2.95 | 3.01 |
Notes:
1. The interest rate and volume data refer to euro-denominated loans vis-à-vis households resident in Ireland and other Monetary Union Member States. Rates reported are weighted averages for each instrument category.
2. Data refer to resident offices of banks and building societies. Credit union data are not included in the interest rates tables.
3. See Retail Interest Rate explanatory notes for further detail.
No comments