The benchmark interest rate in the United States was last recorded at 4.50 percent. This dataset provides the latest reported value for - United States Fed Funds Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

More than three million mortgage loans are projected to be affected by the increasing mortgage interest rates in Canada by 2025. About one million of these mortgages are projected to be up for renewal in 2024. These loans were taken out at a time when interest rates were much lower, meaning that homeowners will be affected by a notable increase in their monthly payments.

Certificate of Deposit Market Outlook

The global certificate of deposit (CD) market size was valued at approximately USD 1 trillion in 2023, and it is projected to reach nearly USD 1.5 trillion by 2032, growing at a compound annual growth rate (CAGR) of around 4.5%. This growth is primarily driven by the increasing preference for safe and secure investment options amidst global economic uncertainties. Factors such as technological advancements in banking, fluctuating interest rates, and evolving consumer preferences are expected to further fuel the expansion of the CD market. As investors seek to balance risk and return, the certificate of deposit market is poised for significant growth over the next decade.

A major growth factor in the certificate of deposit market is the heightened demand for low-risk investment products, especially in volatile economic climates. As global markets experience fluctuations due to geopolitical tensions and unpredictable economic policies, investors are increasingly turning to CDs as a stable and predictable source of income. The fixed interest rates and government insurance associated with CDs make them an attractive option for risk-averse investors. Additionally, the increasing financial literacy among the population is leading to greater awareness of CDs as an investment tool, further driving market growth.

The digital transformation of banking services has also had a profound impact on the certificate of deposit market. Online banks and financial institutions are now offering more competitive rates and greater accessibility to CD products, thereby expanding their customer base. This digital shift has not only increased the convenience for consumers but also allowed institutions to reduce operational costs, enabling them to offer more attractive rates. Furthermore, the proliferation of fintech platforms has facilitated easier comparison of CD rates and terms, empowering consumers to make more informed investment decisions, which ultimately supports market growth.

Interest rates, which are a critical determinant of the attractiveness of CDs, have become progressively volatile, largely influencing the dynamics of the CD market. Central banks across the globe are adjusting rates in response to inflationary pressures and economic recovery efforts post-pandemic. While higher interest rates may enhance the appeal of CDs by offering better returns, they also make other investment avenues more attractive. Consequently, financial institutions are developing innovative CD products with features such as bump-up rates or liquidity options to maintain competitiveness. As interest rate environments evolve, so too will the strategies employed by both issuers and investors within the CD market.

Regionally, North America holds a significant share of the certificate of deposit market, driven by a mature banking sector and a high level of investor awareness. Europe follows closely, with its robust regulatory framework and stable economic environment contributing to sustained interest in CDs. Meanwhile, the Asia Pacific region is expected to exhibit the fastest growth rate, attributed to rapid economic development and increasing individual wealth in countries such as China and India. The Latin America and Middle East & Africa regions are also anticipated to see moderate growth, spurred by improving financial infrastructure and increasing investor education initiatives. Overall, the global CD market is poised for steady expansion, with varying growth trajectories across different regions.

Type Analysis

The certificate of deposit market is diverse, encompassing several types of CDs, each catering to different investor needs and preferences. Traditional CDs remain the most prevalent, offering fixed interest rates over specified terms. Their appeal lies in their simplicity and the assurance of a guaranteed return, which continues to attract conservative investors. The demand for traditional CDs is particularly strong among retirees and individuals seeking stable income sources. Despite the emergence of more flexible CD options, traditional CDs maintain their dominance due to the predictability and security they offer in uncertain financial climates.

Bump-Up CDs have gained traction as investors seek products that allow for interest rate adjustments during the term. This type of CD offers the potential for higher returns if market rates increase, providing a hedge against rising interest environments. The flexibility of bump-up CDs makes them attractive to investors who wish to capitalize on upward trends without abandoning the security of a CD. Howe

CSI: Expected Inflation: Next 5 Yrs data was reported at 2.400 % in Jul 2018. This records a decrease from the previous number of 2.600 % for Jun 2018. CSI: Expected Inflation: Next 5 Yrs data is updated monthly, averaging 2.900 % from Feb 1979 (Median) to Jul 2018, with 382 observations. The data reached an all-time high of 9.700 % in Feb 1980 and a record low of 2.300 % in Dec 2016. CSI: Expected Inflation: Next 5 Yrs data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H030: Consumer Sentiment Index: Unemployment, Interest Rates, Prices and Government Expectations. The questions were: 'What about the outlook for prices over the next 5 to 10 years? Do you think prices will be higher, to go up, on the average, during the next 12 months?' and 'By about what percent per year do you expect prices to go up or down, on the average, during the next 5 to 10 years?'

Mortgage rates increased at a record pace in 2022, with the **-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 April 2025, the average **-year fixed rate interest rate reached **** 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 *** million. Despite the number of transactions falling, this figure was higher than the period before the COVID-19 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 five 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 **** million homeowners are projected to see their deal expire by the end of 2026. About *** million of these loans are projected to experience a monthly payment increase of up to *** British pounds by 2026.

The benchmark interest rate in Australia was last recorded at 3.85 percent. This dataset provides - Australia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in the United States is expected to decrease to 2.1 percent by 2029. 2022 saw a year of exceptionally high inflation, reaching eight percent for the year. The data represents U.S. city averages. The base period was 1982-84. In economics, the inflation rate is a measurement of inflation, the rate of increase of a price index (in this case: consumer price index). It is the percentage rate of change in prices level over time. The rate of decrease in the purchasing power of money is approximately equal. According to the forecast, prices will increase by 2.9 percent in 2024. The annual inflation rate for previous years can be found here and the consumer price index for all urban consumers here. The monthly inflation rate for the United States can also be accessed here. Inflation in the U.S.Inflation is a term used to describe a general rise in the price of goods and services in an economy over a given period of time. Inflation in the United States is calculated using the consumer price index (CPI). The consumer price index is a measure of change in the price level of a preselected market basket of consumer goods and services purchased by households. This forecast of U.S. inflation was prepared by the International Monetary Fund. They project that inflation will stay higher than average throughout 2023, followed by a decrease to around roughly two percent annual rise in the general level of prices until 2028. Considering the annual inflation rate in the United States in 2021, a two percent inflation rate is a very moderate projection. The 2022 spike in inflation in the United States and worldwide is due to a variety of factors that have put constraints on various aspects of the economy. These factors include COVID-19 pandemic spending and supply-chain constraints, disruptions due to the war in Ukraine, and pandemic related changes in the labor force. Although the moderate inflation of prices between two and three percent is considered normal in a modern economy, countries’ central banks try to prevent severe inflation and deflation to keep the growth of prices to a minimum. Severe inflation is considered dangerous to a country’s economy because it can rapidly diminish the population’s purchasing power and thus damage the GDP .

The US Mortgage Lending Market is poised for significant growth, projected to expand at a compound annual growth rate (CAGR) of over 5% from 2025 to 2033. In 2025, the market size is estimated to reach $2.5 trillion, reflecting robust demand for housing finance across various demographics. Key drivers of this growth include low interest rates, government incentives for homebuyers, and an increase in disposable income among the middle class. Major players such as Bank of America, Chase Bank, and US Bank are leveraging advanced digital platforms to streamline the mortgage application process, enhancing customer experience and operational efficiency. Trends such as the rise of online mortgage applications and the integration of AI for credit assessment are reshaping the industry, making it more accessible and efficient. Despite the positive outlook, the market faces restraints such as stringent regulatory requirements and potential interest rate hikes that could dampen demand. The market is segmented into various categories, with residential mortgages being the dominant segment due to the ongoing demand for homeownership. The competitive landscape is characterized by strategic collaborations and mergers aimed at expanding market reach and enhancing service offerings. Regionally, the market is predominantly driven by the Northeast and West Coast, where high property values and a strong economy fuel mortgage lending. As the market continues to evolve, stakeholders are encouraged to focus on innovation and customer-centric solutions to capitalize on emerging opportunities. Recent developments include: August 2023: Spring EQ, a provider of home equity financing solutions, has entered into a definitive agreement to be acquired by an affiliate of Cerberus Capital Management, L.P., a global leader in alternative investing. The main aim of the partnership is to support Spring EQ's mission to deliver offerings and expand its leadership in the home equity financing market., June 2023: VIU by HUB, a digital insurance brokerage platform subsidiary of Hub International Limited, has entered into a new partnership with Unison, a home equity-sharing company. The collaboration will allow homeowners to compare insurance coverage quotes from various carriers and receive expert advice throughout the process.. Key drivers for this market are: Home Renovation Trends are Driving the Market. Potential restraints include: Home Renovation Trends are Driving the Market. Notable trends are: Home Equity Lending Market is Being Stimulated By Rising Home Prices.

The US home loan market, a cornerstone of the American economy, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 18% from 2025 to 2033. This expansion is fueled by several key drivers. Low interest rates, particularly in the early part of the forecast period, have historically stimulated borrowing, making homeownership more accessible. A growing population, coupled with increasing urbanization and a persistent demand for housing in key metropolitan areas, further fuels this market's expansion. Government initiatives aimed at supporting homeownership, such as tax incentives and affordable housing programs, also play a significant role. The market is segmented by loan type (purchase, refinance, improvement), source (banks, HFCs), interest rate (fixed, floating), and loan tenure. While refinancing activity might fluctuate based on prevailing interest rates, the underlying demand for home purchases remains strong, particularly in regions with robust job markets and population growth. Competition among lenders, including major players like Rocket Mortgage, LoanDepot, and Wells Fargo, alongside regional and smaller banks, is fierce, resulting in innovative loan products and competitive pricing. However, the market is not without its challenges. Rising inflation and potential interest rate hikes pose a significant risk, potentially dampening demand and increasing borrowing costs. Stringent lending regulations and increased scrutiny of creditworthiness could restrict access to loans for some borrowers. Furthermore, fluctuations in the housing market itself, including supply chain disruptions impacting construction and material costs, can influence the overall growth trajectory. Despite these headwinds, the long-term outlook for the US home loan market remains positive, driven by the fundamental need for housing and ongoing economic expansion in select regions. The diverse segmentation of the market allows for a nuanced understanding of the specific growth drivers and challenges within each segment. For instance, the home improvement loan segment is expected to see strong growth driven by homeowners' increasing desire to upgrade their existing properties. Recent developments include: June 2023: Bank of America Corp has been adding consumer branches in four new U.S. states, it said on Tuesday, bringing its national footprint closer to rival JPMorgan Chase & Co. Bank of America will likely open new financial centers in Nebraska, Wisconsin, Alabama, and Louisiana as part of a four-year expansion across nine markets, including Louisville, Milwaukee, and New Orleans., July 2022: Rocket Mortgage entered the Canadian Market with the acquisition. The company expanded from offering home loans in Ontario at launch to now providing mortgages in every province, primarily from its headquarters in downtown Windsor. The Edison Financial team grew along with the company, starting with just four team members in early 2020 to more than 140 at present.. Key drivers for this market are: Increase in digitization in mortgage lending market, Increase in innovations in software designs to speed up the mortgage-application process. Potential restraints include: Increase in digitization in mortgage lending market, Increase in innovations in software designs to speed up the mortgage-application process. Notable trends are: Growth in Nonbank Lenders is Expected to Drive the Market.

Household Saving Rate in the United States increased to 4.90 percent in April from 4.30 percent in March of 2025. This dataset provides - United States Personal Savings Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Hong Kong was last recorded at 4.75 percent. This dataset provides the latest reported value for - Hong Kong Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

CSI: Expected Inflation: Next Yr: Same data was reported at 10.000 % in May 2018. This records a decrease from the previous number of 12.000 % for Apr 2018. CSI: Expected Inflation: Next Yr: Same data is updated monthly, averaging 15.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 35.000 % in Mar 1983 and a record low of 3.000 % in May 2008. CSI: Expected Inflation: Next Yr: Same data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H030: Consumer Sentiment Index: Unemployment, Interest Rates, Prices and Government Expectations. The questions were: 'During the next 12 months, do you think that prices in general will go up, or go down, or stay where they are now?' and 'By what percent do you expect prices to go up, on the average, during the next 12 months?'

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Home Equity Lending Market Size 2025-2029

The home equity lending market size is forecast to increase by USD 48.16 billion at a CAGR of 4.7% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the massive increase in home prices and the resulting rise in residential property values. This trend presents a substantial opportunity for lenders, enabling them to offer larger home equity loans to borrowers. However, the market also faces challenges, including the lengthy procedures associated with home equity lending. Despite these challenges, companies can capitalize on the market's growth by streamlining their application processes and offering competitive interest rates.
Additionally, they can explore alternative lending models, such as digital platforms, to provide a more convenient and efficient borrowing experience for customers. By addressing these challenges and leveraging the market's growth drivers, home equity lenders can effectively navigate the strategic landscape and position themselves for success.

What will be the Size of the Home Equity Lending Market during the forecast period?

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The market continues to evolve, shaped by dynamic market conditions and diverse applications across various sectors. Homeowners seek second mortgages and home equity loans to address educational expenses, retirement planning, home improvement projects, and debt consolidation. Credit risk, loan approval, and loan term are critical factors in this market, with lenders assessing loan-to-value ratios and debt-to-income ratios to manage default risk. Fixed-rate loans offer stability, while variable-rate loans present interest rate risk. Artificial intelligence and machine learning are increasingly integrated into digital mortgage applications, streamlining origination and underwriting processes. However, concerns surrounding mortgage fraud, predatory lending, and equity extraction persist, necessitating rigorous regulatory oversight and financial literacy initiatives.
Cash-out refinances and reverse mortgages provide liquidity, while origination fees and closing costs impact affordability. Subprime lending targets borrowers with lower credit scores, increasing equity risk. Mortgage servicing, fair housing act compliance, and managing loan payments are essential components of the home equity lending landscape. 

How is this Home Equity Lending Industry segmented?

The home equity lending industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Source

  Mortgage and credit union
  Commercial banks
  Others


Distribution Channel

  Offline
  Online


Purpose

  Home Improvement
  Debt Consolidation
  Investment


Loan Type

  Fixed-Rate
  Variable-Rate


Geography

  North America

    US
    Mexico


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    UAE


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Source Insights

The mortgage and credit union segment is estimated to witness significant growth during the forecast period.

Home equity lending is a popular financial solution for homeowners seeking to access the value of their property. Mortgage and credit unions serve as trusted providers in this market, offering various types of loans, including home equity loans and second mortgages. The loan approval process considers factors like loan-to-value ratio, debt-to-income ratio, and credit score. Reverse mortgages and cash-out refinances are alternative options for older homeowners or those in need of large funds. Interest rate risk is a significant concern for borrowers, with variable-rate loans carrying more uncertainty than fixed-rate loans. Preventing predatory lending and mortgage fraud requires vigilance. Digital mortgage applications streamline the process, while origination fees and closing costs add to the overall cost.

Mortgage servicing, property value assessment using automated valuation models, and financial planning are essential aspects of home equity lending. Homeowners may consider equity extraction for educational expenses, home improvement, or debt consolidation. Retirement planning and managing liquidity risk are also crucial considerations. Credit counseling and financial literacy are essential for making informed decisions. Regulations, such as the Fair Housing Act, protect consumers from discrimination. Machine learning and online lending platforms enhance the lending experience, offering personalized services. Mortgage lenders must manage credit risk and equity risk, ensuring a balanced portfolio. Homeowners should be aware of the potential impact of inte

The benchmark interest rate in Germany was last recorded at 4.50 percent. This dataset provides - Germany Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate In the Euro Area was last recorded at 2.15 percent. This dataset provides - Euro Area Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Consumer Price Index (CPI) for food is a component of the all-items CPI. The CPI measures the average change over time in the prices paid by urban consumers for a representative market basket of consumer goods and services. While the all-items CPI measures the price changes for all consumer goods and services, including food, the CPI for food measures the changes in the retail prices of food items only.This record was taken from the USDA Enterprise Data Inventory that feeds into the https://data.gov catalog. Data for this record includes the following resources: Web page with links to Excel files For complete information, please visit https://data.gov.

United States CSI: Expected Inflation: Next 5 Yrs: Same data was reported at 1.000 % in May 2018. This records a decrease from the previous number of 2.000 % for Apr 2018. United States CSI: Expected Inflation: Next 5 Yrs: Same data is updated monthly, averaging 3.000 % from Feb 1979 (Median) to May 2018, with 380 observations. The data reached an all-time high of 16.000 % in Sep 1981 and a record low of 0.000 % in Jan 1997. United States CSI: Expected Inflation: Next 5 Yrs: Same data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H030: Consumer Sentiment Index: Unemployment, Interest Rates, Prices and Government Expectations. The questions were: 'What about the outlook for prices over the next 5 to 10 years? Do you think prices will be higher, to go up, on the average, during the next 12 months?' and 'By about what percent per year do you expect prices to go up or down, on the average, during the next 5 to 10 years?'

United States CSI: Expected Inflation: Next Yr: Up by 3-4% data was reported at 28.000 % in May 2018. This records an increase from the previous number of 25.000 % for Apr 2018. United States CSI: Expected Inflation: Next Yr: Up by 3-4% data is updated monthly, averaging 22.000 % from Jan 1978 (Median) to May 2018, with 485 observations. The data reached an all-time high of 33.000 % in May 1997 and a record low of 3.000 % in Apr 1980. United States CSI: Expected Inflation: Next Yr: Up by 3-4% data remains active status in CEIC and is reported by University of Michigan. The data is categorized under Global Database’s USA – Table US.H030: Consumer Sentiment Index: Unemployment, Interest Rates, Prices and Government Expectations. The questions were: 'During the next 12 months, do you think that prices in general will go up, or go down, or stay where they are now?' and 'By what percent do you expect prices to go up, on the average, during the next 12 months?'The questions were: 'During the next 12 months, do you think that prices in general will go up, or go down, or stay where they are now?' and 'By what percent do you expect prices to go up, on the average, during the next 12 months?'

The unemployment rate in fiscal year 2204 rose to 3.9 percent. The unemployment rate of the United States which has been steadily decreasing since the 2008 financial crisis, spiked to 8.1 percent in 2020 due to the COVID-19 pandemic. The annual unemployment rate of the U.S. since 1990 can be found here. Falling unemployment The unemployment rate, or the part of the U.S. labor force that is without a job, fell again in 2022 after peaking at 8.1 percent in 2020 - a rate that has not been seen since the years following the 2008 financial crisis. The financial crash caused unemployment in the U.S. to soar from 4.6 percent in 2007 to 9.6 percent in 2010. Since 2010, the unemployment rate had been steadily falling, meaning that more and more people are finding work, whether that be through full-time employment or part-time employment. However, the affects of the COVID-19 pandemic created a spike in unemployment across the country. U.S. unemployment in comparison Compared to unemployment rates in the European Union, U.S. unemployment is relatively low. Greece was hit particularly hard by the 2008 financial crisis and faced a government debt crisis that sent the Greek economy into a tailspin. Due to this crisis, and the added impact of the pandemic, Greece still has the highest unemployment rate in the European Union.

Personal Loans Market Outlook 2032

The global personal loans market size was USD 65.3 Billion in 2023 and is likely to reach USD 1300 Billion by 2032, expanding at a CAGR of 32.5% during 2024–2032. The market is driven by the surging demand for personal loans due to the financial liberty and awareness among consumers, globally.



Increasing consumer spending and the growing need for financial flexibility are expected to drive the personal loans market during the forecast period. Personal loans, with their ease of access and competitive interest rates, have become a popular financing option for individuals to meet various financial needs, including debt consolidation, home renovation, and emergency expenses. The rise of digital lending platforms and the simplification of loan application processes have significantly surged the demand for personal loans.

Growing advancements in financial technology are shaping the trends in the personal loans market. The integration of artificial intelligence and machine learning technologies into lending platforms has enhanced the loan approval process, offering features such as instant approval and personalized interest rates. Furthermore, the development of secure digital platforms has enabled remote loan application and disbursement, making personal loans accessible to a wider audience.



Rising financial literacy and consumer awareness are creating opportunities for the personal loans market. The increasing understanding of credit scores, interest rates, and loan terms among consumers has fueled the demand for personal loans. Moreover, the growing focus on financial planning and the need for emergency funds have underscored the importance of personal loans in financial management. With its numerous advantages and wide range of applications, the personal loans market is poised for significant growth in the coming years.

Impact of Artificial Intelligence (AI) in Personal Loans Market

The use of artificial intelligence is likely to boost the personal loans market. AI's <a href="https://dataintelo.com/report/advanced-and-predictive-analytics-market" sty