Mortgage drawdowns climb 1.4% in third quarter

Mortgage drawdowns continued to grow in the third quarter, but at the slower year-on-year rate of 1.4 per cent, according to the latest update from Banking & Payments Federation Ireland (BPFI).

More than 7,000 first-time buyer mortgages were drawn down in the three months to the end of September, it said, with the loans collectively valued at almost €2.1 billion.

A total of 11,774 new mortgages with a value of €3.4 billion were drawn down by borrowers in the period. This represents a 1.4 per cent increase in volume and a 7.4 per cent increase in value compared to the third quarter of 2023.

Full article available at: https://www.irishtimes.com/business/2024/10/25/mortgage-drawdowns-climb-14-in-third-quarter/