The average interest rate on new mortgages has crossed the 4% mark for the first time in years, according to figures from the Central Bank.
Their latest report shows that the average interest rate for a new mortgage in June stood at 4.04%, up from 3.84% in May.
The 0.2% jump was the second biggest increase in the Eurozone.
Ireland continues to have the ninth lowest average rate in the Eurozone with rates varying from as low as 1.93% in Malta to as high as 6.02% in Latvia.
The average Eurozone mortgage rate now stands at 3.79% - three times higher than it was two years ago.
The rise in the average mortgage rate comes following nine rate increases by the European Central Bank in the past year, with predictions that further increases could still lie ahead.
