The Central Bank has opted to leave mortgage lending rules unchanged following its annual review of the measures.
The bank said the measures are achieving the twin objectives of maintaining financial stability and protecting consumers.
Both the loan to income and loan to value limits will remain unchanged, it said.
In a statement, the Central Bank bank said the pace of growth in new mortgage lending remains strong.
But it added that the volume of mortgage lending remains below the levels associated with a fully-functioning housing market.
The decision will come as a disappointment to some banks and brokers, who wanted more flexibility in the application of the rules.
In its review, the Central Bank said it had evaluated the systemic risk related to the mortgage and housing markets.
It said that analysis confirms “that the mortgage measures as currently calibrated are achieving the objectives of maintaining financial stability and protecting consumers”.
The Central Bank’s study also found that that new mortgage lending does not appear to be the most prominent driving factor in house price developments.
Increases in housing supply and turnover should contribute to further moderation in price growth, it stated.
“The mortgage measures support sustainable mortgage lending in the wider housing market, thereby contributing to financial stability and protecting borrowers from excessive debt,” Central Bank Governor Philip Lane said in a statement.
“Our review shows that, while the pace of growth in the new mortgage lending is strong, there has been little change in average LTVs and LTIs and no sign of a generalised deterioration in lending standards.
“On the basis of these findings, no change is required to the current framework,” Professor Lane said.