Recent figures from the Central Bank show that borrowing money for house purchases in Ireland costs an average of 3%, almost 15% cheaper than the euro zone average at 3.49%. Despite this, the cost of mortgage loans in Ireland is rising, despite the ECB main interest rate remaining unchanged.<\/p>\n
Banks are currently losing money on their tracker mortgage products, and so are charging more for their standard variable rate and fixed rate mortgages.<\/p>\n
If you are planning to take advantage of the low (but rising) mortgage prices to buy your first home, up-size, or purchase an investment property, you may also be considering the cost of home insurance<\/a>. Paddy Compare can compare home insurance in Ireland<\/a> for you, saving the hassle and getting the best prices. Try Paddy Compare for house insurance<\/a> today!<\/p>\n","protected":false},"excerpt":{"rendered":" Recent figures from the Central Bank show that borrowing money for house purchases in Ireland costs an average of 3%, almost 15% cheaper than the euro zone average at 3.49%. Despite this, the cost of mortgage loans in Ireland is rising, despite the ECB main interest rate remaining unchanged. Banks are currently losing money on […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/www.paddycompare.ie\/insurance-blog\/wp-json\/wp\/v2\/posts\/191"}],"collection":[{"href":"https:\/\/www.paddycompare.ie\/insurance-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paddycompare.ie\/insurance-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paddycompare.ie\/insurance-blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paddycompare.ie\/insurance-blog\/wp-json\/wp\/v2\/comments?post=191"}],"version-history":[{"count":2,"href":"https:\/\/www.paddycompare.ie\/insurance-blog\/wp-json\/wp\/v2\/posts\/191\/revisions"}],"predecessor-version":[{"id":193,"href":"https:\/\/www.paddycompare.ie\/insurance-blog\/wp-json\/wp\/v2\/posts\/191\/revisions\/193"}],"wp:attachment":[{"href":"https:\/\/www.paddycompare.ie\/insurance-blog\/wp-json\/wp\/v2\/media?parent=191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paddycompare.ie\/insurance-blog\/wp-json\/wp\/v2\/categories?post=191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paddycompare.ie\/insurance-blog\/wp-json\/wp\/v2\/tags?post=191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}