The M10news Ireland Mortgage Rate Tracker follows mortgage interest rates, ECB rate changes, mortgage lending and borrowing conditions in Ireland.a
The tracker brings together official Central Bank of Ireland and European Central Bank data with selected mortgage rates published directly by Irish lenders. It is designed to show how borrowing costs are changing and how those changes affect people buying, switching or refinancing a home.
Important: Official market averages and individual lender rates are different measures. Advertised mortgage rates can vary according to loan-to-value, mortgage term, borrower circumstances, property type and other eligibility requirements.
Latest Ireland Mortgage Rates
| Measure | Latest rate/data | Period |
|---|---|---|
| Average new mortgage rate | 3.48% | July 2026 |
| Average new fixed-rate mortgage | 3.44% | July 2026 |
| Average new variable-rate mortgage | 4.11% | July 2026 |
| New mortgage agreements | €1.2 billion | July 2026 |
| New lending fixed-rate share | 94% | July 2026 |
| Renegotiated mortgages | €537 million | July 2026 |
The Central Bank of Ireland’s weighted average rate on new mortgage agreements fell by 1 basis point from June and was 12 basis points lower than a year earlier. The 3.48% Irish average was 6 basis points below the euro-area average of 3.54%.
The 94% share of new mortgage lending on fixed rates was the highest recorded since the Central Bank’s series began in December 2014.
ECB Interest Rates
The European Central Bank is an important part of the Irish mortgage-rate picture, particularly for tracker mortgages and other borrowing linked directly or indirectly to market rates.
On 16 September 2026, the ECB’s key rates were:
| ECB rate | Rate |
|---|---|
| Deposit facility | 2.50% |
| Main refinancing operations | 2.65% |
| Marginal lending facility | 2.90% |
The ECB increased all three rates by 25 basis points in September 2026.
The ECB has said that future decisions will remain dependent on incoming economic and financial data rather than following a predetermined rate path.
What an ECB rate change means for Irish mortgage holders
The effect depends on the type of mortgage.
Tracker mortgages are directly linked to an ECB rate plus an agreed margin. AIB, for example, has confirmed that its tracker mortgage rates will increase by 0.25 percentage points following the September ECB increase, with changes being applied during September and October 2026.
Fixed-rate borrowers generally do not see their contractual rate change during the fixed period, although the rate available when they come to refinance or switch can be different.
Variable-rate borrowers can see their rates change according to their lender’s pricing policy.
Current Lender Mortgage Rates
Advertised mortgage rates should be read separately from the Central Bank’s national average.
AIB
AIB’s published mortgage rates currently include standard variable rates ranging from 3.75% to 4.15%, depending on loan-to-value.
Its published fixed rates range from around 3.30% to 4.20%, depending on the length of the fixed period and LTV band.
AIB also publishes lower green mortgage rates for qualifying energy-efficient homes, with some three-year green fixed rates starting at 3.00% for borrowers at 50% LTV or below.
Avant Money
Avant Money’s Flex Mortgage variable rate, published for the period from 10 September to 9 October 2026, is:
| LTV | Flex Mortgage rate |
|---|---|
| 80% LTV or below | 3.85% |
| Above 80% LTV | 4.05% |
Avant says the Flex Mortgage rate consists of a benchmark rate based on 12-month Euribor plus a fixed margin.
Other lender rates will be added to this table as their current official rates are verified.
M10news note: Advertised rates can change and may not be available to every borrower. Always check the lender’s current terms before making a borrowing decision.
Mortgage Rules in Ireland
Mortgage interest rates are only one part of the cost of buying a home.
The Central Bank’s mortgage measures also limit how much borrowers can generally borrow relative to their income and the property’s value.
For first-time buyers:
- Maximum loan-to-income ratio: 4 times gross annual income
- Maximum loan-to-value ratio: 90%
- Minimum deposit: generally 10%
For second and subsequent buyers:
- Maximum loan-to-income ratio: 3.5 times gross annual income
- Maximum loan-to-value ratio: 90%
- Minimum deposit: generally 10%
For buy-to-let buyers:
- Maximum loan-to-value ratio: 70%
- Minimum deposit: generally 30%
Lenders are allowed to exceed the standard limits for a proportion of their lending under the Central Bank’s allowance system.
These limits do not mean that every borrower can automatically obtain the maximum mortgage. Individual lenders must still assess affordability and suitability.
Mortgage Le2nding in Ireland
Mortgage lending has continued to grow during 2026.
The Central Bank reported that the total volume of new mortgage agreements reached €1.2 billion in July 2026, €70 million higher than a year earlier.
Mortgage drawdowns for properties also increased by 12.3% year-on-year during the first half of 2026, according to the Central Bank’s Q3 2026 Quarterly Bulletin.
The Central Bank’s broader household lending data show that loans for house purchase were the main contributor to annual growth in household lending in the year to July 2026.
Mortgage Arrears
Mortgage rates are only part of the picture for existing homeowners. Mortgage arrears provide another measure of financial pressure.
At the end of June 2026, there were 698,273 private residential mortgage accounts for principal dwellings in the Republic of Ireland, with a combined outstanding balance of approximately €111 billion.
There were 33,396 principal-dwelling mortgage accounts in arrears, down 1,600 accounts during the second quarter.
Accounts more than 90 days in arrears stood at 21,081, down 14.25% from a year earlier.
Buy-to-let mortgage arrears are tracked separately by the Central Bank.
Historical Mortgage Rates
M10news will maintain this section as historical Central Bank data become available.
The tracker will record:
- Monthly average new mortgage rates
- Fixed versus variable rates
- New mortgage lending volumes
- ECB rate changes
- Changes in the share of fixed-rate lending
- Mortgage arrears
- Selected lender rates
- Major changes to mortgage rules
Historical data will be presented using the original Central Bank and ECB datasets rather than mixing different rate measures.
Why Mortgage Rates Matter
A mortgage rate affects the cost of borrowing over many years.
Even a relatively small change in the interest rate can alter the monthly repayment on a large mortgage. The effect depends on the amount borrowed, the remaining term, the interest rate and whether the mortgage is fixed or variable.
For this reason, the M10news tracker will report the rate, the type of rate and the date of the data rather than presenting a single number as the cost of a mortgage for every borrower.
Latest Mortgage Rate Update
September 2026
The latest official Central Bank data available for this tracker show an average new mortgage rate of 3.48% in July 2026. Fixed-rate new mortgages averaged 3.44%, while variable-rate new mortgages averaged 4.11%.
The ECB’s deposit facility rate is currently 2.50%, following its 25-basis-point increase that took effect on 16 September 2026.
M10news will update this tracker as new official mortgage and ECB data are released.
Sources
Primary sources for this tracker include:
- Central Bank of Ireland
- European Central Bank
- Individual Irish mortgage lenders
- Official government and regulatory publications where relevant
The tracker distinguishes between official market data, lender-advertised rates and other published information.
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Ireland Mortgage Rate Tracker
This page tracks mortgage interest rates, ECB rates, lending volumes, mortgage rules and arrears.
Disclaimer: Mortgage rates and lending conditions can change. The information on this page is provided for general information and journalism purposes and should not be treated as personal financial advice. Borrowers should check current rates and terms directly with lenders or seek independent professional advice.
Last updated: September 2026
