The number and value of mortgage approvals rose in February as the State’s housing market continues to be driven by strong demand.
The figures also show remortgage/switching grew by 42.9 per cent to 719 in volume terms year-on-year.said the figures pointed “to a continued strong pipeline for drawdown as the year progresses”. “This comes at a time when mortgage customers are increasingly using fixed-rate mortgages,” Mr Hayes said.of Ireland suggested that fixed-rate mortgages accounted for almost half of outstanding mortgage value at the end of 2021, up from 25 per cent three years earlier.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: