Historic Mortgage Rates in Ireland

Mortgage rates for some homeowners in Ireland have never been as low as they are now – especially those who managed to get a tracker mortgage. With the ECB rate at zero – some people are on still on tracker mortgages  with rates as low as 0.5% .

The banks are no longer offering trackers to new customers – and probably wish they never had.
If you are thinking of buying a house  – take a look at our tables of the lowest mortgage rates available .

Here is a list of  the historic mortgage rates in Ireland  going back over the past 30 years. They make interesting-  if scary reading. What would happen if interest rates ever got as high as 16.25% again – (that’s what they were sometime in 1982).

Irish Mortgage Interest Rates since 1975

The highest rate reached  in each year is shown  below –  based on the average rates of “representative building societies” from the Central Bank via the CSO

1975    11.25%
1976     12.5%
1977     13.95%
1978     14.15%
1979     14.15%
1980     14.15%
1981      16.25%
1982      16.25%
1983       13.0%
1984      11.75%
1985      13%
1986      12.5%
1987     12.5%
1988     9.25%
1989    11.4%
1990    12.37%
1991    11.95%
1992    13.99%
1993    13.99%
1994     7.49%
1995     7.00%
1996    6.75%
1997    6.90%
1998    5.85%
1999    5.60%
2000   6.09%
2001     6.09%
2002    4.70%
2003    4.20%
2004    3.49%
2005    3.65%
2006    4.86%
2007    5.46%
2008    5.86%
2009   4.16%
2010   4.02%
2011    4.42%
2012    4.33%
2013    4.38%
2014    4.2%
2015    4.14%
2016    3.63%
2017    3.41%

ref    : www.cso.ie/

2 thoughts on “Historic Mortgage Rates in Ireland

  1. it depends on the actual interest rate charged by the lender – it would have changed all the time assuming it was a variable rate mortgage.

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