Graph and download economic data for 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-08-28 about 15-year, mortgage, fixed, interest rate, interest, rate, and USA.

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 May 2025, the average 10-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 2023, reaching just above *** 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.

Car loan interest rates in the United States decreased since mid-2024. Thus, the period of rapidly rising interest rates, when they increased from 3.85 percent in December 2021 to 7.92 percent in June 2024, has come to an end. The Federal Reserve interest rate is one of the main causes of the interest rates of loans rising or falling. If inflation stays under control, the Federal Reserve will start cutting the interest rates, which would have the effect of the cost of car loans falling too. How many cars have financing in the United States? Car financing exists because not everyone who wants or needs a car can purchase it outright. A financial institution will then lend the money to the customer for purchasing the car, which must then be repaid with interest. Most new vehicles in the United States in 2024 were purchased using car loans. It is not as common to use car loans for purchasing used vehicles as for new ones, although over a third of used vehicles were purchased using loans. The car industry in the United States The car financing business is huge in the United States, due to the high sales of both new and used vehicles in the country. A lot of the United States is very car-centric, which means that, outside large cities, it can often be difficult to do their daily commutes through other transportation methods. In fact, only a small percentage of U.S. workers used public transport to go to work. That is one of the factors that has helped establish the importance of the automotive sector in North America. Nevertheless, there are still countries in Asia-Pacific, Africa, the Middle East, and Europe with higher car-ownership rates than the United States.

Venezuela Maximum Mortgage Rate: Low data was reported at 9.660 % pa in Jul 2014. This stayed constant from the previous number of 9.660 % pa for Jun 2014. Venezuela Maximum Mortgage Rate: Low data is updated monthly, averaging 11.360 % pa from Jan 1996 (Median) to Jul 2014, with 223 observations. The data reached an all-time high of 63.800 % pa in Sep 1998 and a record low of 8.550 % pa in Aug 2011. Venezuela Maximum Mortgage Rate: Low data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.M003: Lending Rate. Data lag exhibited in the series is caused by the delay of data releases from the Central Bank of Venezuela.

Mortgage credit interest rate, percent in Montenegro, June, 2025 The most recent value is 4.95 percent as of June 2025, a decline compared to the previous value of 4.97 percent. Historically, the average for Montenegro from September 2011 to June 2025 is 6.06 percent. The minimum of 4.24 percent was recorded in August 2021, while the maximum of 9.91 percent was reached in August 2014. | TheGlobalEconomy.com

Lending Rate: Foreign Currencies Mortgage Loans: YB: Quarterly: NC: Stavropol Territory data was reported at 8.860 % pa in Dec 2014. This records a decrease from the previous number of 8.950 % pa for Sep 2014. Lending Rate: Foreign Currencies Mortgage Loans: YB: Quarterly: NC: Stavropol Territory data is updated quarterly, averaging 9.980 % pa from Sep 2006 (Median) to Dec 2014, with 33 observations. The data reached an all-time high of 12.770 % pa in Dec 2009 and a record low of 6.300 % pa in Jun 2014. Lending Rate: Foreign Currencies Mortgage Loans: YB: Quarterly: NC: Stavropol Territory 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.

Venezuela BCV: Maximum Mortgage Rate: High data was reported at 10.660 % pa in Jul 2014. This stayed constant from the previous number of 10.660 % pa for Jun 2014. Venezuela BCV: Maximum Mortgage Rate: High data is updated monthly, averaging 14.390 % pa from Jan 1996 (Median) to Jul 2014, with 223 observations. The data reached an all-time high of 63.800 % pa in Sep 1998 and a record low of 9.870 % pa in Mar 2007. Venezuela BCV: Maximum Mortgage Rate: High data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.M003: Lending Rate. Data lag exhibited in the series is caused by the delay of data releases from the Central Bank of Venezuela.

Mortgage Rate in Australia decreased to 5.76 percent in June from 5.84 percent in May of 2025. This dataset includes a chart with historical data for Australia Mortgage Rate.

The benchmark interest rate in China was last recorded at 3 percent. This dataset provides the latest reported value for - China Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Lending Rate: Foreign Currencies Mortgage Loans: YB: Quarterly: VR: Saratov Region data was reported at 10.300 % pa in Dec 2015. This stayed constant from the previous number of 10.300 % pa for Sep 2015. Lending Rate: Foreign Currencies Mortgage Loans: YB: Quarterly: VR: Saratov Region data is updated quarterly, averaging 10.300 % pa from Sep 2006 (Median) to Dec 2015, with 38 observations. The data reached an all-time high of 13.250 % pa in Mar 2009 and a record low of 9.000 % pa in Jun 2014. Lending Rate: Foreign Currencies Mortgage Loans: YB: Quarterly: VR: Saratov 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.

United States WAS: Total Points: 30-Year Jumbo data was reported at 0.290 % in 16 Nov 2018. This records an increase from the previous number of 0.280 % for 09 Nov 2018. United States WAS: Total Points: 30-Year Jumbo data is updated weekly, averaging 0.310 % from Jan 2011 (Median) to 16 Nov 2018, with 410 observations. The data reached an all-time high of 0.640 % in 17 Jun 2011 and a record low of 0.060 % in 27 Jun 2014. United States WAS: Total Points: 30-Year Jumbo data remains active status in CEIC and is reported by Mortgage Bankers Association. The data is categorized under Global Database’s United States – Table US.M013: Weekly Applications Survey: Mortgage Interest Rate.

Key information about Japan Long Term Interest Rate

• Japan Bonds Yield: Government Bonds: Newly Issued: 10 Years: Month End was reported at 1.37 % pa in Feb 2025, compared with 1.24 % pa in the previous month.
• Japan Long Term Interest Rate data is updated monthly, available from Dec 1998 to Feb 2025.
• The data reached an all-time high of 2.10 % pa in Jan 1999 and a record low of -0.28 % pa in Aug 2019.
• Long Term Interest Rate is reported by reported by Bank of Japan.

• In the latest reports, Japan Short Term Interest Rate: Month End: TIBOR: Japanese Yen: 3 Months was reported at 0.79 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Japan: Complementary Deposit Facility Interest Rate) was set at -0.10 % pa in Jun 2023.
• Japan Exchange Rate against USD averaged 141.36 (USD/JPY) in Jun 2023.

This statistic presents the average intrest rate on retail euro-denominated bank deposits for the period of *** years in selected countries in Europe as of June 2014. In France, the intrest rate on retail bank deposits amounted to *** percent as of June 2014.

India Foreign Banks: Term Loan Rate: High: Bank International Indonesia data was reported at 10.700 % pa in Mar 2018. This records a decrease from the previous number of 11.000 % pa for Dec 2017. India Foreign Banks: Term Loan Rate: High: Bank International Indonesia data is updated quarterly, averaging 11.125 % pa from Jun 2014 (Median) to Mar 2018, with 12 observations. The data reached an all-time high of 12.000 % pa in Mar 2016 and a record low of 10.650 % pa in Jun 2014. India Foreign Banks: Term Loan Rate: High: Bank International Indonesia data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB041: Lending Rate: Other than Export Credit: Term Loan Rate: High.

Mortgage credit interest rate, percent in Mali, December, 2023 The most recent value is 5.59 percent as of December 2023, a decline compared to the previous value of 7.75 percent. Historically, the average for Mali from January 2014 to December 2023 is 7.55 percent. The minimum of 3.99 percent was recorded in November 2014, while the maximum of 9.57 percent was reached in February 2023. | TheGlobalEconomy.com

India Foreign Banks: Term Loan Rate: At Least 60% Business: Low: Bank International Indonesia data was reported at 10.700 % pa in Mar 2018. This records a decrease from the previous number of 11.000 % pa for Dec 2017. India Foreign Banks: Term Loan Rate: At Least 60% Business: Low: Bank International Indonesia data is updated quarterly, averaging 11.125 % pa from Jun 2014 (Median) to Mar 2018, with 12 observations. The data reached an all-time high of 12.000 % pa in Mar 2016 and a record low of 10.650 % pa in Jun 2014. India Foreign Banks: Term Loan Rate: At Least 60% Business: Low: Bank International Indonesia data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB042: Lending Rate: Other than Export Credit: Term Loan Rate: At Least 60% Business: Low.

India Foreign Banks: Term Loan Rate: Low: Bank International Indonesia data was reported at 10.700 % pa in Mar 2018. This records a decrease from the previous number of 11.000 % pa for Dec 2017. India Foreign Banks: Term Loan Rate: Low: Bank International Indonesia data is updated quarterly, averaging 11.125 % pa from Jun 2014 (Median) to Mar 2018, with 12 observations. The data reached an all-time high of 12.000 % pa in Mar 2016 and a record low of 10.650 % pa in Jun 2014. India Foreign Banks: Term Loan Rate: Low: Bank International Indonesia data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under India Premium Database’s Interest and Foreign Exchange Rates – Table IN.MB040: Lending Rate: Other than Export Credit: Term Loan Rate: Low.

China Loan Prime Rate: 1 Year data was reported at 4.310 % pa in 16 Aug 2019. This stayed constant from the previous number of 4.310 % pa for 15 Aug 2019. China Loan Prime Rate: 1 Year data is updated daily, averaging 4.310 % pa from Oct 2013 (Median) to 16 Aug 2019, with 1454 observations. The data reached an all-time high of 5.770 % pa in 16 Jun 2014 and a record low of 4.300 % pa in 04 Apr 2018. China Loan Prime Rate: 1 Year data remains active status in CEIC and is reported by National Interbank Funding Center. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MA: Rediscount and Lending Rate.

The benchmark interest rate in Nigeria was last recorded at 27.50 percent. This dataset provides - Nigeria Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The benchmark interest rate in Pakistan was last recorded at 11 percent. This dataset provides - Pakistan Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.