Iceland Mortgage Rates: Historical and Current Averages
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Quarterly average mortgage interest rates
| Q1 | Q2 | Q3 | Q4 | |
| 2026 | 9.11% | 9.06% | ||
| 2025 | 9.32% | 9.12% | 9.02% | 9.01% |
| 2024 | 9.97% | 9.75% | 9.41% | 9.72% |
| 2023 | 7.69% | 8.24% | 9.26% | 9.62% |
| 2022 | 4.93% | 5.73% | 6.77% | 7.71% |
| 2021 | 4.30% | 4.41% | 4.43% | 4.55% |
| 2020 | 5.92% | 5.52% | 4.74% | 4.28% |
| 2019 | 6.48% | 6.81% | 6.67% | 6.17% |
| 2018 | 6.12% | 6.15% | 6.23% | 6.30% |
| 2017 | 6.86% | 6.65% | 6.46% | 6.16% |
| 2016 | 7.36% | 7.43% | 7.42% | 7.25% |
| 2015 | 7.09% | 6.99% | 7.28% |
This table shows the average mortgage interest rates during a single quarter.
