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 some time 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    4.05%
  • 2016    3.61%
  • 2017    3.44%
  • 2018 3.21%
  • 2019 3.02%
  • 2020 2.92%

ref    : www.cso.ie/

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One thought 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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