The 10-year treasury constant maturity rate in the U.S. is forecast to increase by *** percentage points by 2027, while the 30-year fixed mortgage rate is expected to fall by *** percentage points. From *** percent in 2024, the average 30-year mortgage rate is projected to reach *** percent in 2027.

Fixed 30-year mortgage rates in the United States averaged 6.40 percent in the week ending November 21 of 2025. This dataset provides the latest reported value for - United States MBA 30-Yr Mortgage Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

30 Year Mortgage Rate in the United States decreased to 6.23 percent in November 26 from 6.26 percent in the previous week. This dataset includes a chart with historical data for the United States 30 Year Mortgage Rate.

Graph and download economic data for 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-11-26 about 15-year, mortgage, fixed, interest rate, interest, rate, and USA.

This statistic shows the effects that increasing mortgage rates would have on home buying in the United States in 2018. During the survey, ** percent of respondents said they would slow down their search and wait for the rates to come back again.

The USA home loan market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 18% from 2025 to 2033. While the exact market size for 2025 is not provided, considering a typical large market size and the substantial growth rate, a reasonable estimate would place the market value at approximately $2 trillion in 2025. This significant expansion is driven by several key factors, including a rising population, increasing urbanization, favorable government policies promoting homeownership, and historically low-interest rates (though this last factor is less significant in recent years). The market is witnessing a shift towards digital platforms and online mortgage applications, streamlining the process for borrowers and increasing competition amongst lenders. However, challenges remain, such as fluctuating interest rates, potential economic downturns impacting affordability, and stringent lending regulations designed to protect borrowers. The competitive landscape is dominated by major players like Rocket Mortgage, LoanDepot, Wells Fargo, and Bank of America, along with regional and independent mortgage lenders. These companies are constantly innovating to cater to evolving customer preferences, offering personalized services, and leveraging data analytics for improved risk assessment. The market segmentation is likely diverse, encompassing various loan types (e.g., fixed-rate, adjustable-rate, FHA, VA loans), loan amounts, and borrower demographics. Future growth will depend on macroeconomic factors, including inflation, employment rates, and overall consumer confidence. Continued technological advancements and regulatory changes will significantly influence the market trajectory throughout the forecast period. 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.

Policy interest rates in the U.S. and Europe are forecasted to decrease gradually between 2024 and 2027, following exceptional increases triggered by soaring inflation between 2021 and 2023. The U.S. federal funds rate stood at **** percent at the end of 2023, the European Central Bank deposit rate at **** percent, and the Swiss National Bank policy rate at **** percent. With inflationary pressures stabilizing, policy interest rates are forecast to decrease in each observed region. The U.S. federal funds rate is expected to decrease to *** percent, the ECB refi rate to **** percent, the Bank of England bank rate to **** percent, and the Swiss National Bank policy rate to **** percent by 2025. An interesting aspect to note is the impact of these interest rate changes on various economic factors such as growth, employment, and inflation. The impact of central bank policy rates The U.S. federal funds effective rate, crucial in determining the interest rate paid by depository institutions, experienced drastic changes in response to the COVID-19 pandemic. The subsequent slight changes in the effective rate reflected the efforts to stimulate the economy and manage economic factors such as inflation. Such fluctuations in the federal funds rate have had a significant impact on the overall economy. The European Central Bank's decision to cut its fixed interest rate in June 2024 for the first time since 2016 marked a significant shift in attitude towards economic conditions. The reasons behind the fluctuations in the ECB's interest rate reflect its mandate to ensure price stability and manage inflation, shedding light on the complex interplay between interest rates and economic factors. Inflation and real interest rates The relationship between inflation and interest rates is critical in understanding the actions of central banks. Central banks' efforts to manage inflation through interest rate adjustments reveal the intricate balance between economic growth and inflation. Additionally, the concept of real interest rates, adjusted for inflation, provides valuable insights into the impact of inflation on the economy.

Canada Conventional Mortgage: 5 Years: Weekly data was reported at 6.490 % pa in 07 May 2025. This stayed constant from the previous number of 6.490 % pa for 30 Apr 2025. Canada Conventional Mortgage: 5 Years: Weekly data is updated weekly, averaging 5.700 % pa from Jan 2000 (Median) to 07 May 2025, with 1323 observations. The data reached an all-time high of 8.750 % pa in 31 May 2000 and a record low of 4.640 % pa in 12 Jul 2017. Canada Conventional Mortgage: 5 Years: Weekly data remains active status in CEIC and is reported by Bank of Canada. The data is categorized under Global Database’s Canada – Table CA.M005: Conventional Mortgage Rate. [COVID-19-IMPACT]

The benchmark interest rate in Sweden was last recorded at 1.75 percent. This dataset provides the latest reported value for - Sweden Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

15 Year Mortgage Rate in the United States decreased to 5.51 percent in November 27 from 5.54 percent in the previous week. This dataset includes a chart with historical data for the United States 15 Year Mortgage Rate.

Discover the booming global home loan market, projected to exceed a CAGR of 7% through 2033. This in-depth analysis explores market size, key drivers (rising incomes, government policies), regional trends (Asia-Pacific, North America), and leading companies. Get insights into fixed vs. floating interest rates, loan tenures, and future growth potential. Recent developments include: September 2022: Citigroup Inc said it has slightly trimmed its mortgage workforce, due to an internal streamlining of functions.Less than 100 positions were affected.September 2022: Bank of America is launching a new mortgage product that would allow first-time homebuyers to purchase a home with no down payment, no mortgage insurance and zero closing costs.It will not require a minimum credit score and will instead consider other factors for eligibility.. Key drivers for this market are: Real Estate Market Trends, Government Policies. Potential restraints include: Real Estate Market Trends, Government Policies. Notable trends are: Turkey has the Highest Mortgage Interest Rate.

The global mortgage loan service market is experiencing robust growth, driven by factors such as increasing urbanization, rising disposable incomes, and favorable government policies promoting homeownership. The market, valued at approximately $2 trillion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 6% from 2025 to 2033. This expansion is fueled by a burgeoning demand for both residential and commercial mortgages, particularly in emerging economies with rapidly expanding middle classes. The residential segment currently dominates the market share, accounting for approximately 70%, with individual borrowers representing the largest application segment. However, the commercial estate and enterprise segments are witnessing significant growth, driven by increased corporate investments and infrastructural development. Key players like Rocket Mortgage, United Shore Financial Services, and Quicken Loans are leveraging technological advancements such as online platforms and AI-powered loan processing to enhance efficiency and customer experience, shaping the competitive landscape. The growth trajectory is expected to be influenced by fluctuating interest rates, macroeconomic conditions, and evolving regulatory frameworks. Nevertheless, the long-term outlook remains positive, underpinned by the fundamental drivers mentioned above. Technological advancements, particularly in fintech, are reshaping the mortgage loan service landscape. The rise of digital platforms, streamlined application processes, and enhanced data analytics are significantly improving accessibility and speed of loan approvals. This efficiency boost is leading to increased competition, encouraging lenders to offer more competitive interest rates and flexible repayment options to attract borrowers. Furthermore, the increasing adoption of alternative credit scoring models is broadening access to mortgage loans for previously underserved populations. Regional variations in market growth are expected, with North America and Asia-Pacific representing the largest markets. However, emerging economies in regions like South America and Africa hold significant potential for future growth, given the increasing demand for housing and infrastructural development within these markets. Geographic expansion and strategic partnerships remain key strategies for players aiming for market dominance within this evolving sector.

About 1.4 million households with mortgages up for renewal in the United Kingdom (UK) will face increasing monthly costs by the end of 2024 because of the aggressive mortgage interest hikes since the beginning of 2022. For about one million of these households, the increase will be between one British pound and 300 British pounds, while for 388,000 households, the increase will be higher. By December 2026, the number of households with rising mortgage payments is projected at 3.9 million. Meanwhile, about two million mortgage borrowers are expected to benefit from reduced mortgage payments by the end of 2026.

Discover the booming global housing mortgage market! This comprehensive analysis reveals a $15 trillion market in 2025, projected to reach $23 trillion by 2033, driven by urbanization, rising incomes, and Fintech innovation. Explore regional trends, key players, and future growth forecasts.

Mortgage rates surged at an unprecedented pace in 2022, with the average 10-year fixed rate doubling between March and December of that year. In response to mounting inflation, the Bank of England implemented a series of rate hikes, pushing borrowing costs steadily higher. By October 2025, the average 10-year fixed mortgage rate stood at **** percent. As financing becomes more expensive, housing demand has cooled, weighing on market sentiment and slowing house price growth. How have the mortgage hikes affected the market? After surging in 2021, the number of residential properties sold fell significantly in 2023, dipping to just above *** million transactions. This contraction in activity also dampened mortgage lending. Between the first quarter of 2023 and the first quarter of 2024, the value of new mortgage loans declined year-on-year for five consecutive quarters. Even as rates eased modestly in 2024 and housing activity picked up slightly, volumes remained well below the highs recorded in 2021. How are higher mortgages impacting homebuyers? For homeowners, the impact is being felt most acutely as fixed-rate deals expire. Mortgage terms in the UK typically range from two to ten years, and many borrowers who locked in historically low rates are now facing significantly higher repayments when refinancing. By the end of 2026, an estimated five million homeowners will see their mortgage deals expire. Roughly two million of these loans are projected to experience a monthly payment increase of up to *** British pounds by 2026, putting additional pressure on household budgets and constraining affordability across the market.

Graph and download economic data for Bank Prime Loan Rate Changes: Historical Dates of Changes and Rates (PRIME) from 1955-08-04 to 2025-10-30 about prime, loans, interest rate, banks, depository institutions, interest, rate, and USA.

Data for households in receipt of Support for Mortgage Interest (SMI) loans is available in Stat-Xplore on a quarterly basis.

These quarterly official statistics include:

• the https://stat-xplore.dwp.gov.uk/webapi/openinfopage?id=SMI_CASELOAD">number of households who are currently in receipt of the support
• the https://stat-xplore.dwp.gov.uk/webapi/openinfopage?id=SMI_CUM">number who have received SMI loans so far

See the background information and methodology note for an explanation of households.

The statistics are broken down by:

• Quarter
• Country, Region
• Qualifying Benefit

Background information

Read the background information and methodology note for guidance on these statistics, such as timeliness and interpretation.

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We welcome all feedback on the content, relevance, accessibility and timing of these statistics to help us in producing statistics that meet user needs. For non-media enquiries on these statistics email: nathan.kelly@dwp.gov.uk

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Next releases

Support for Mortgage Interest statistics are published quarterly. The dates for future releases are listed in the statistics release calendar.

Pre-release access

In addition to staff who are responsible for the production and quality assurance of the statistics, up to 24-hour pre-release access is provided to ministers and other officials. We publish the job titles and organisations of the people who have been granted up to 24-hour pre-release access to the latest Support for Mortgage Interest statistics.

The benchmark interest rate in Canada was last recorded at 2.25 percent. This dataset provides - Canada Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

Discover the latest trends in the multi-trillion dollar mortgage lending market. This analysis projects growth, examines key players like Wells Fargo & Quicken Loans, and explores the impact of interest rates and regulatory changes on future market performance. Learn how rising interest rates and economic uncertainty affect this dynamic sector.