Historic Mortgage Rates in Ireland

Mortgage interest rates for some homeowners in Ireland wil soon be rising again as the ECB starts to raise interest rates in 2022. When the ECB rate was zero – it meant that some people on low tracker mortgages were only paying 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 regularly updated tables of the lowest mortgage rates available in Ireland.
Rates are around 4% in Early 2024


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 and the CSO


YearHighest Mortgage Interest Rate
197512.5%
197613.95%
197713.96%
197814.15%
197914.15%
198014.15%
198116.25%
198216.25%
198313%
198411.75%
198513%
198612.5%
198712.5%
19889.25%
198911.4%
199012.37%
199111.95%
199213.99%
199313.99%
19947.49%
19957.00%
19966.75%
19976.9%
19985.85%
19995.6%
20006.09%
20016.9%
20024.7%
20034.2%
20043.49%
20053.65%
20064.86%
20075.46%
20085.86%
20094.16%
20104.02%
20114.42%
20124.33%
21034.38%
20144.2%
20154.05%
20163.61%
20173.44%
20183.21%
20193.02%
20202.92%
20212.8%
Historic Mortgage Rates in Ireland 1975 to 2021


Historic Mortgage Rates Ireland 1980 to 2019

ref    : www.cso.ie/

Historic ECB Interest Rates

Money Saving Tips