Annual average interest rate on new mortgage loans in Ireland 2006-2023
The annual average interest rate on new residential loans in Ireland increased significantly in 2023 after experiencing a downward trend for the seven consecutive years. In that year, the average mortgage rate rose to 4.79 percent, up from 2.71 percent in 2022. Nevertheless, it was still lower than the peak value observed in 2008, when the interest rate was recorded at 5.17 percent.