Median interest rate on mortgages is up, says Central Bank

The Central Bank's new Frontier Statistics series reflects a broader measure of credit in the economy, revealing diverse interest rates affecting mortgage borrowers.

While non-bank lenders offered lower rates at 2.85pc, the median for non-lending non-banks was higher at 5.5pc, indicating varied market dynamics.

"Non-banks play an important role in the provision of business loans, including to individuals, and are the main providers of specific loan types," the Central Bank stated.

"Our existing aggregate statistics provide a monthly snapshot of average interest rates, but do not cover the underlying distribution among borrowers," the Central Bank noted.

Read at Irish Independent