The mortgage interest rate in Sweden rose dramatically in 2022, following a long period of mortgages maintaining rates below two percent. In the second quarter of 2024, the average weighted interest rate stood at 4.53 percent, more than three percentage points above the rate in the fourth quarter of 2021. In Europe, Sweden ranked alongside Spain, Hungary, and Poland.  Homeownership in Sweden   The homeownership rate in Sweden did not vary significantly over the period from 2008 to 2019. It peaked in 2010 and slightly fluctuated the following years. The rate was lowest in 2019, amounting to roughly 63.6 percent. Profile of the European homeowner  Swedes, Germans, Austrians, Turks, and Danes are the European citizens for who homeownership was the least common. Romania was the country with the highest homeownership rate among selected European countries in 2021, followed by Slovakia. Both countries had a rate higher than 92 percent. In general, it seemed to be more common to own a home in Eastern European countries than in the Western part of the continent.

Graph and download economic data for Contract Rate on 30-Year, Fixed-Rate Conventional Home Mortgage Commitments (DISCONTINUED) (WRMORTG) from 1971-04-01 to 2016-10-06 about conventional, 30-year, mortgage, interest rate, interest, rate, and USA.

The mortgage interest rate for all maturities beyond ten years of the initial fixed period in Italy decreased overall between 2016 and 2021, followed by an increase in 2022. As of the second quarter of 2024, the average mortgage rate was 3.44 percent. As of December 2019, interest rates were the highest in Sardinia and the lowest in Lombardy.

The mortgage interest rate in Denmark declined overall from 1.2 percent in 2016 to 0.62 percent in 2021, followed by a dramatic increase until 2023. In the second quarter of 2024, the average weighted interest rate stood at 4.81 percent. A similar trend of interest rates escalating has been observed across all European countries.

The mortgage interest rate for mortgages with initial fixed period rates up to one year in Italy decreased overall between 2016 and 2021, followed by a spike in 2022. In the second quarter of 2024, the rate stood at 4.54 percent, up from 4.47 percent the year before. In the same period, the gross residential mortgage lending in Italy amounted to around approximately 15 billion euros.

As of December 2024, the average interest rate for a new standard 1-year residential mortgage in New Zealand was 6.3 percent. In comparison, the average 5-year interest rate for a residential mortgage was 6.15 percent. Average interest rates for new standard residential mortgages in the country started to trend upward from mid-2021. Rates peaked toward the end of 2023 and have begun trending downward.

Graph and download economic data for Expenditures: Mortgage Interest and Charges by Generation: Birth Year from 1946 to 1964 (CXUOWNMORTGLB1604M) from 2016 to 2023 about birth, mortgage, expenditures, interest, and USA.

The annual average weighted interest rate on mortgage loans issued to residents of Russia in the national currency saw a decline over the period under consideration. In 2022, it amounted to around 7.1 percent.

Interest rate on new mortgages in the United Kingdom increased to 4.51 percent in January from 4.47 percent in December of 2024. This dataset includes a chart with historical data for the United Kingdom Interest Rate on New Mortgages.

The statistics show the evolution of the official five-year Interest Rate Swap (IRS) between August 2015 and August 2016. This reference index for mortgage rates quoted negative from June 2016 and reached value of -0.14% in July 2016.

This table contains 51 series, with data starting from 2013, and some select series starting from 2016. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada), Components (51 items: Total, funds advanced, residential mortgages, insured; Variable rate, insured; Fixed rate, insured, less than 1 year; Fixed rate, insured, from 1 to less than 3 years; ...), and Unit of measure (1 item: Dollars). For additional clarification on the component dimension, please visit the OSFI website for the Report on New and Existing Lending.

Switzerland Mortgage Rate: Fixed: by Maturity: 10 Years data was reported at 1.779 % pa in Sep 2018. This records an increase from the previous number of 1.697 % pa for Aug 2018. Switzerland Mortgage Rate: Fixed: by Maturity: 10 Years data is updated monthly, averaging 2.290 % pa from Jan 2008 (Median) to Sep 2018, with 129 observations. The data reached an all-time high of 4.700 % pa in Jun 2008 and a record low of 1.520 % pa in Sep 2016. Switzerland Mortgage Rate: Fixed: by Maturity: 10 Years data remains active status in CEIC and is reported by Swiss National Bank. The data is categorized under Global Database’s Switzerland – Table CH.M005: Mortgage Rates.

Mortgage rates increased at a record pace in 2022, with the 10-year fixed mortgage rate doubling between March 2022 and December 2022. With inflation increasing, the Bank of England introduced several bank rate hikes, resulting in higher mortgage rates. In September 2023, the average 10-year fixed rate interest rate reached 5.1 percent. As borrowing costs get higher, demand for housing is expected to decrease, leading to declining market sentiment and slower house price growth. How have the mortgage hikes affected the market? After surging in 2021, the number of residential properties sold declined in 2022, reaching close to 1.3 million. Despite the number of transactions falling, this figure was higher than the period before the COVID-10 pandemic. The falling transaction volume also impacted mortgage borrowing. Between the first quarter of 2023 and the first quarter of 2024, the value of new mortgage loans fell year-on-year for fourth straight quarters in a row. How are higher mortgages affecting homebuyers? Homeowners with a mortgage loan usually lock in a fixed rate deal for two to ten years, meaning that after this period runs out, they need to renegotiate the terms of the loan. Many of the mortgages outstanding were taken out during the period of record-low mortgage rates and have since faced notable increases in their monthly repayment. About five million homeowners are projected to see their deal expire by the end of 2026. About two million of these loans are projected to experience a monthly payment increase of up to 199 British pounds by 2026.

The benchmark interest rate in Japan was last recorded at 0.50 percent. This dataset provides - Japan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mortgage rates in the Netherlands increased sharply in 2022 and 2023, after declining gradually between 2008 and 2021. In December 2022, the average interest rate for new mortgage loans stood at 1.65 percent, and by the end of 2023, it had risen to 4.13 percent. The 10-year interest rate was the lowest, at 2.96 percent; the floating and less than one-year interest rates amounted to 5.13 and 4.62 percent, respectively. In early 2024, mortgage rates decreased notably. Are mortgage rates in the Netherlands different from those in other European countries? When comparing this ranking to data that covers multiple European countries, the Netherlands’ mortgage rate was similar to the rates found in Spain, the United Kingdom, and Sweden. It was, however, a lot lower than the rates in Eastern Europe. Hungary and Romania, for example, had some of the highest mortgage rates. For more information on the European mortgage market and how much the countries differ from each other, please visit this dedicated research page. How big is the mortgage market in the Netherlands? The Netherlands has overall seen an increase in the number of mortgage loans sold and is regarded as one of the countries with the highest mortgage debt in Europe. The reason behind this is that Dutch homeowners were able to for many years to deduct interest paid from pre-tax income (a system known in the Netherlands as hypotheekrenteaftrek). Total mortgage debt of Dutch households has been increasing year-on-year since 2013.

The benchmark interest rate In the Euro Area was last recorded at 2.65 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States CES: AAE: Housing: Shelter: Owned: Mortgage Interest & Charges data was reported at 3,265.000 USD in 2017. This records an increase from the previous number of 2,889.000 USD for 2016. United States CES: AAE: Housing: Shelter: Owned: Mortgage Interest & Charges data is updated yearly, averaging 2,749.000 USD from Dec 1984 (Median) to 2017, with 34 observations. The data reached an all-time high of 3,890.000 USD in 2007 and a record low of 1,251.000 USD in 1984. United States CES: AAE: Housing: Shelter: Owned: Mortgage Interest & Charges data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.H042: Consumer Expenditure Survey.

Lending Rate: Foreign Currencies Mortgage Loans: YB: CF: Bryansk Region data was reported at 7.000 % pa in Dec 2016. This stayed constant from the previous number of 7.000 % pa for Nov 2016. Lending Rate: Foreign Currencies Mortgage Loans: YB: CF: Bryansk Region data is updated monthly, averaging 9.940 % pa from Dec 2008 (Median) to Dec 2016, with 63 observations. The data reached an all-time high of 13.500 % pa in Feb 2010 and a record low of 7.000 % pa in Dec 2016. Lending Rate: Foreign Currencies Mortgage Loans: YB: CF: Bryansk Region data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under Russia Premium Database’s Interest and Foreign Exchange Rates – Table RU.MB012: Lending Rate: Foreign Currencies Housing Loans: ow Mortgage: by Region: Average from Year Beginning.

Interest rates in the UK spiked in 2022 and 2023, with the average rate for new mortgage advances to individuals and individual trusts rising by 3.61 percentage points between January 2022 and January 2024. Mortgages on a floating interest rate were the most expensive as of January 2024, at 5.75 percent. On the other hand, the average rate for new advances with a five-year fixed rate was 4.88 percent.

The benchmark interest rate in Australia was last recorded at 4.10 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.