New figures from the Central Bank show that the number of homes in mortgage arrears fell by 4% between April and June to 45,843, continuing its recent trend of decline.
The Central Bank said the number of accounts in long-term arrears - at least one year - stood at 20,065, or 2.9% of all home mortgage accounts, by the end of June.
This represents a fall of 1,335 accounts (6%) in annual terms and a decrease of 193 accounts from the first quarter of this year.
At the end of June, a total of 28,197, or 4%, of mortgage accounts were in arrears for more than 90 days - a decrease of 572 accounts from the end of March and the lowest percentage share of home mortgage accounts in arrears since the fourth quarter of 2009.
This was mainly due to a reduction in the number of accounts in arrears between five and ten years.
Meanwhile, the number of accounts in early arrears - less than 90 days - decreased by 7% (1,205 accounts).
The Central Bank noted that 39% of home mortgage accounts in arrears were held by banks, while 61% were held by non-banks entities. This compares to June 2023, where 45% were held by banks and the remaining 55% were held by non-banks.
The outstanding balance on mortgage accounts in arrears for more than 90 days was just over €5.7 billion at the end of June, today's figures also reveal.
On buy to let mortgages, the Central Bank said there were 8,660 such accounts in arrears at the end of June, a decrease of 5% over the quarter and a decrease of 14% in annual terms.
11.4% of the buy to let mortgage accounts falling behind on their repayments were more than 90 days in arrears, which marked a fall of 321 from the first quarter of this year and a decrease of 1,038 accounts in annual terms.
Of the total number of BTL accounts in arrears, 20% were overdue by between two and five years, a further 16% were in arrears by between five and 10 years and 16% were in arrears for over ten years.
Today's Central Bank figures also show that a total of 54,735 home mortgage accounts were categorised as restructured at the end of June - 8% of total mortgage accounts outstanding.
It noted that the total number of restructure arrangements fell by 798 accounts over the quarter, which marks a continuation of a long trend of decline.
Of the total stock of restructured accounts recorded at the end of June, 80% were not in arrears, while 83% were meeting the terms of their current restructure arrangement.
The largest two cohorts of restructured home mortgages were in split mortgage and arrears capitalisation arrangements, respectively, unchanged from the previous quarter.
Of the total number of PDH accounts that were in arrears at the end of the second quarter, 24% were classified as restructured.
