The average interest rate on a new mortgage dipped in February to 2.92% from 2.93% in the previous month, according to new figures from the Central Bank.
The figures show that Ireland once again had the third cheapest mortgage rates in the euro zone in February.
The euro zone average mortgage rate rose to 3.33%, almost three times the rate it was around 18 months ago.
The Central Bank figures show that the total volume of pure new mortgage agreements amounted to €1.059 billion in February, a 40% increase on the previous month, and a rise of 69% on an annual basis.
They also reveal that the weighted average interest rate on new fixed rate mortgages - which make up 93% of the total new mortgage agreements - was 2.83% in February. This represents an increase of 1 basis point from January and 23 basis points higher on an annual basis.
