Banks in this country have again topped the "league of shame" after official figures show mortgage rates here are the highest in the eurozone.
The elevated level of rates mean a first-time borrower who takes out a €250,000 mortgage will end up paying almost €70,000 more over the life of the loan than the average in the euro currency area.
The average interest rate issued on a new mortgage in July was 3.21pc, which is a slight fall from the rate of 3.23pc in June, according to the Central Bank.
Banks including Ulster Bank and KBC have recently cut their fixed rates, with Ulster offering a two-year fixed offer of 2.3pc.
But rates here are still notably higher than the Eurozone average of 1.77pc.
This means a typical first-time buyer who has borrowed €250,000 over 30 years will pay €190 a month more than their European counterpart, according price comparison site Bonkers.ie.
Over the lifetime of the mortgage, this equates to more than €68,000 extra.
Daragh Cassidy of Bonkers said the data shows Ireland tops the "league of shame."