Frontier Statistics: Mortgage Interest Rate Distributions (June 2026)

Background

Interest rates on Principal-Dwelling Home (PDH) mortgage loans can vary widely between borrowers and lenders. These differences are not captured fully by the weighted averages published in official statistics. In order to provide greater insight into the Irish mortgage interest rate environment than is provided by official statistics alone, Central Bank of Ireland is publishing full PDH mortgage interest rate distributions for loans held by three institution types: banks, lending non-banks, and non-lending non-banks. Lending non-banks are non-bank institutions that originate their own mortgage lending, while non-lending non-banks are the non-bank institutions that hold residential mortgage loans, but do not originate mortgages themselves (i.e. they hold or service loans that were purchased from originating institutions).

Key Observations

  • As of June 2026, lending non-banks had the highest median interest rate on mortgage loans at 3.65%, while non-lending non-banks had the lowest at 3.40%, a difference of 25 basis points.
  • Non-lending non-banks held a higher concentration of both low and high interest rate loans than banks and lending non-banks. Non-lending non-banks held the loans with the lowest median interest rate for the fourth consecutive quarter as of end-June 2026. 
  • The median interest rates on outstanding PDH mortgages for banks, lending non-banks, and non-lending non-banks were:  
    • Banks: 3.50% (+5 bps YoY) 
    • Lending non-banks: 3.65% (+20 bps YoY) 
    • Non-lending non-banks: 3.40% (-15 bps YoY) 
  • 87% of non-lending non-bank held mortgages had interest rates at or below 6% at end-June 2026, up from 82% a year earlier, but nearly unchanged from March 2026.
  • For all three entity types, over 99% of mortgages had interest rates at or below 8%.

    This Frontier Statistics release page is updated with new data periodically. This page was last updated on 23 September 2026 with data from Q2 2026. Historical data can be accessed in the data file at the end of this page.

    Cumulative Distributions

    Table 1: Cumulative Distribution by Institution Type, June 2026
    Interest Rate Bucket Bank (%) Lending non-bank (%) Non-lending non-bank (%)
    ≤ 0.5 0.970.3515.03
    ≤ 1.0 0.980.3515.28
    ≤ 1.5 0.980.3715.84
    ≤ 2.0 1.594.7916.51
    ≤ 2.5 8.678.2618.74
    ≤ 3.0 19.4615.6733.81
    ≤ 3.5 51.9834.4755.94
    ≤ 4.0 75.7868.164.61
    ≤ 4.5 92.3689.3170.88
    ≤ 5.0 99.5699.3077.98
    ≤ 5.5 99.8099.8082.3
    ≤ 6.0 99.9299.9986.90
    ≤ 6.5 99.9599.9993.84
    ≤ 7.0 99.9699.9997.81
    ≤ 7.5 99.9699.9998.49
    ≤ 8.0 99.9699.9998.92
    ≤ 8.5 99.9799.9999.62
    ≤ 9.0 99.9899.99 99.87
    > 9.0 100.00 100.00 100.00

    Source: Central Credit Register and author calculations.
    Note: Table 1 compares the cumulative distributions of the interest rates on loans held by banks, lending non-banks, and non-lending non-banks as of June 2026.
    Accessibility: Get the data in accessible format (XLSX 12.29KB)

    Chart 1 compares the cumulative distributions of mortgage interest rates at end-June 2026 for banks, lending non-banks and non-lending non-banks. Each cumulative distribution shows the proportion of loans held by each entity type which have interest rates less than or equal to a given rate.

    Intervals where the curves are steeper are interest rate ranges where loans are more highly concentrated.

    Banks and lending non-banks hold mortgages with interest rates that follow quite similar distributions, while the distribution of interest rates on non-lending non-bank mortgages is more distinct. All three entity types hold a relatively large share of loans at interest rates between 2.5% and 4%. Outside this range is where the entity types diverge – nearly all mortgages held by banks and lending non-banks have interest rates at or below 5% (>99%), while 78% of mortgages held by non-lending non-banks have interest rates at or below this level. Meanwhile, 19% of loans held by non-lending non-banks had interest rates below 2.5%, while interest rates on fewer than 9% of bank and lending non-bank loans are below this threshold.  

     

     

     

     

    Chart 2 shows a relatively limited shift of each cumulative distribution compared to the previous year. The largest shift occurred for lending non-banks loans with interest rates between 2.5% and 3.5%, where the proportion decreased relative to June 2025. The relative stability of these interest rate distributions between mid-2025 and mid-2026 comes after a period of persistent change from mid-2024 to mid-2025 downstream of the ECB’s monetary policy cycles. 


    Mortgage Interest Rate Percentiles

    Table 2: Mortgage Interest Rate Percentiles, June 2026
    Percentile Bank (%) Lending non-bank (%) Non-lending non-bank (%)
    10 2.632.550.00
    20 3.033.202.70
    30 3.203.452.96
    40 3.343.553.15
    50 3.503.653.40
    60 3.703.753.65
    70 3.854.104.40
    80 4.154.155.20
    90 4.404.606.40

    Source: Central Credit Register and author calculations.
    Note: Table 2 presents the distribution of interest rates on PDH mortgages by decile, broken down by institution type.
    Accessibility: Get the data in accessible format (XLSX 8.78KB)

    Table 2 presents the interest rate distributions in terms of percentiles, which provides the ability to see the median interest rate on Irish mortgages across all three entity types.

    As of June 2026, lending non-banks have the highest median interest rate on mortgage loans, while non-lending non-banks have the lowest. Across the second through sixth deciles, interest rates across the three institution types are similar. However, non-lending non-bank interest rates are distinct at higher and lower deciles (Table 2, chart 3). The 80th percentile interest rate on loans held by non-lending non-banks is 5.20%, 105 basis points higher than the 80th percentile loan held by banks and lending non-banks. The 10th percentile non-lending non-bank mortgage has an interest rate of 0% due to the propensity of these institutions to hold distressed and restructured loans.


    Chart 4 shows that interest rates at each decile have been quite stable for more than a year following a period of more persistent month-on-month changes that corresponded with ECB policy rate cuts. For bank-held mortgages, the gap between a 90th percentile interest rate and 10th percentile interest rate was 177 basis points in June 2026, down from 195 basis points a year ago. For lending non-banks, the gap shrunk from 225 to 205 basis points, and for non-lending non-banks this gap decreased from 680 basis points to 640, driven entirely by a decrease in the 90th percentile interest rate. While the range of mortgage interest rates decreased slightly in Q2 2026, the pace of compression has slowed from a peak in the second half of 2024 when ECB policy rates were decreasing quickly.


    Background

    The Mortgage Interest Rate Distributions Frontier Statistics publication presents data on the distribution of Principal-Dwelling Home (PDH) mortgage loans broken down by the type of entity that holds the loans.

    Mortgage interest rate distribution figures are compiled using data from the Central Credit Register (CCR), a database containing records of loans and loan applications of over €500 borrowed by Irish residents or governed by Irish law.  The CCR is established by the Central Bank of Ireland under the Credit Reporting Act 2013 as amended. As such, lenders are required to submit information on loans to the CCR.

    Coverage and Scope

    The lenders included in this publication, and defined in the CCR, are regulated financial service providers (i.e. banks and credit unions). Irish-resident lenders and lenders in the EEA regulated by other agencies are included in the CCR. This publication also includes non-banks—non-regulated Irish-resident companies which are lenders or holders of mortgage loans. Data for all entity types in this publication comes from the CCR.

    Data Checks and Revisions

    As part of the Frontier Statistics series, the Mortgage Interest Rate Distributions publication will undergo continuous revisions each quarter, and the data and methodology are subject to change. CCR data are subject to change, and therefore analysis will be repeated each quarter to ensure the timeliest data is included.

    Data quality checks have been carried out by comparing the data underlying the Mortgage Interest Rate Distributions publication with Central Bank of Ireland Official Statistics data sets, most notably the Mortgage Arrears data set.

    Definitions

    Bank: Licenced credit institutions as published on our Registers. In this publication, credit unions are considered banks.

    Borrower: In this publication, borrowers are defined as the debtors on Principal-Dwelling Home (PDH) mortgage loans.

    Central Credit Register (CCR): A database of loans of €500 or more borrowed by a person living in the Irish State at the time of applying for the loan, or borrowed via a loan agreement/application which is governed by Irish law. The CCR was set up in 2013 by the Central Bank of Ireland under the Credit Reporting Act 2013 (as amended). Lenders submit information on existing loans and loan applications to the CCR.

    Cumulative distribution: The cumulative distribution of mortgage loans shows the proportion of loans less than or equal to a given interest rate.

    Non-bank: Lenders or holders of mortgage loans which are not banks, credit unions, or government-sponsored entities. This category includes retail credit firms and credit servicing firms.

    Lending non-bank: Lending non-banks are the subset of non-banks which originate PDH mortgage lending.

    Non-lending non-bank: Non-lending non-banks are the subset of non-banks which hold PDH mortgage loans, but do not originate lending themselves.

    Data

    Publication Table 1 | xlsx 13 KB Publication Table 2 | xlsx 9 KB

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