The equivalent euro area average rate rose by 13 basis points to 2.21% in August - its highest level since at least August 2017 and almost double the rate this time last year.
France had the lowest average mortgage rate in the euro zone at 1.59%, followed by Luxembourg at 2%. Latvia and Greece had the highest rates. "It's almost a given that the ECB will raise rates by another 0.75% to 2% when it meets at the end of the month and rates may even reach close to 3% in early 2023," Mr Cassidy said.
But he added that the smaller, non-bank lenders such as Avant Money, ICS Mortgages and Finance Ireland have raised their rates by over 2% in some cases in recent months.
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: