Mortgage interest rates in Europe soared in 2022 and remained elevated in the following two years. In many countries, this resulted in mortgage interest rates across the region more than doubling. In the first quarter of 2025, the average mortgage interest rate in the UK stood at **** percent. Spain had the lowest rate, at **** percent, while Poland had the highest, at *** percent. Why did mortgage interest rates increase? Mortgage rates have risen as a result of the European Central Bank (ECB) interest rate increase. The ECB increased its interest rates to tackle inflation. As inflation calms, the ECB is expected to cut rates, which allows mortgage lenders to reduce mortgage interest rates. What is the impact of interest rates on home buying? Lower interest rates make taking out a housing loan more affordable, and thus, encourage home buying. That can be seen in many countries across Europe: In France, the number of residential properties sold rose in the years leading up to 2021, and fell as interest rates increased. The number of houses sold in the UK followed a similar trend.

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.

View weekly updates and historical trends for 30 Year Mortgage Rate. from United States. Source: Freddie Mac. Track economic data with YCharts analytics.

Mortgage rates in the Netherlands increased sharply in 2022 and 2023, after declining gradually between 2008 and 2021. In December 2021, the average interest rate for new mortgage loans stood at **** percent, and by the end of 2023, it had risen to **** percent. In May 2025, mortgage rates decreased slightly, falling to **** percent on average. Mortgages with a 10-year fixed rate were the most affordable, at **** percent. 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.

Mortgage interest rates worldwide varied greatly in June 2025, from less than ******percent in many European countries to as high as ***percent in Turkey. The average mortgage rate in a country depends on the central bank's base lending rate and macroeconomic indicators such as inflation and forecast economic growth. Since 2022, inflationary pressures have led to rapid increases in mortgage interest rates. Which are the leading mortgage markets? An easy way to estimate the importance of the mortgage sector in each country is by comparing household debt depth, or the ratio of the debt held by households compared to the county's GDP. In 2024, Switzerland, Australia, and Canada had some of the highest household debt to GDP ratios worldwide. While this indicator shows the size of the sector relative to the country’s economy, the value of mortgages outstanding allows to compare the market size in different countries. In Europe, for instance, the United Kingdom, Germany, and France were the largest mortgage markets by outstanding mortgage lending. Mortgage lending trends in the U.S. In the United States, new mortgage lending soared in 2021. This was largely due to the growth of new refinance loans that allow homeowners to renegotiate their mortgage terms and replace their existing loan with a more favorable one. Following the rise in interest rates, the mortgage market cooled, and refinance loans declined.

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.

Rates have been trending downward in Canada for the last five years. The ebbs and flows are caused by changes in Canada’s bond yields (driven by Canadians economic developments and international rate movements, particularly U.S. rate fluctuations) and the overnight rate (which is set by the Bank of Canada). As of August 2022, there has been a 225 bps increase in the prime rate, since beginning of year 2022, from 2.45% to 4.70% as of Aug 24th 2022. The following are the historical conventional mortgage rates offered by the 6 major chartered banks in Canada in the past 20 years.

Graph and download economic data for 30-Year Fixed Rate Veterans Affairs Mortgage Index (OBMMIVA30YF) from 2017-01-03 to 2025-12-01 about veterans, 30-year, mortgage, fixed, rate, indexes, and USA.

Adjustable-rate mortgages have typically been tied to either of two indexes, one based on U.S. treasuries, the other on the London interbank offered rate, or Libor. The index is used to determine a mortgage’s new interest rate when it is reset, and up until recently, the choice would have made little difference. But since 2007, the rates on which the indexes are based have diverged sharply, and borrowers with Libor-based adjustable-rate mortgages are likely to pay more than they would have had their mortgages been tied to treasuries. Moreover, the proportion of Libor-based ARMs has increased significantly, especially for subprime loans.

Argentina Lending Rate: Domestic Currency: Fixed & Renegotiable: Mortgage Loans: More than 10 Years data was reported at 32.600 % pa in Mar 2025. This records an increase from the previous number of 32.170 % pa for Feb 2025. Argentina Lending Rate: Domestic Currency: Fixed & Renegotiable: Mortgage Loans: More than 10 Years data is updated monthly, averaging 14.158 % pa from Jun 1993 (Median) to Mar 2025, with 382 observations. The data reached an all-time high of 80.670 % pa in Apr 2024 and a record low of 0.000 % pa in Feb 2024. Argentina Lending Rate: Domestic Currency: Fixed & Renegotiable: Mortgage Loans: More than 10 Years data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.M006: Lending Rate: Non Financial Private Sector.

The thrift industry primarily serves as an intermediary between people who wish to save in relatively liquid deposits and people who wish to borrow mortgage funds. When long-term interest rates on mortgages are greater than short-term interest rates on deposits, thrifts generally can depend on a relatively stable supply of deposits and earn profits, retaining some of them in capital or net-worth accounts that are used to support additional mortgage lending. However, when short-term interest rates are higher than long-term rates, as they have been in 1981, many depositors withdraw funds from their savings accounts to buy higher-yielding assets. If net deposit outflows are large enough, then some thrifts may exhaust their liquidity and be forced to sell mortgage assets at a loss; if the loss is large enough, some thrifts could be forced out of business.

Rural borrowers are more likely to have higher interest rates than their urban or suburban counterparts. Approximately 11 percent of rural home purchase originations were classified as “high-cost” loans, or having an interest rate at least 150 basis points (for first-lien loans - 350 basis points for subordinate-lien loans) higher than the annual percentage rate offered on prime mortgage loans of comparable type. The incidence of high-cost lending in rural areas is considerably higher than the suburban or urban level at 7 percent. Higher mortgage rates in rural areas are attributable in part to a large number of financed manufactured homes which are more prevalent in rural communities. Manufactured homes are predominately financed with personal property loans that have shorter terms and higher rates. In addition to having an extremely high loan denial rate of 38 percent, roughly half of rural manufactured home purchase originations reported to HMDA in 2013 were classified as high-cost loans.

France Mortgage Rate: Avg: Consumer: More than 1 Year data was reported at 1.510 % in Sep 2018. This records a decrease from the previous number of 1.530 % for Aug 2018. France Mortgage Rate: Avg: Consumer: More than 1 Year data is updated monthly, averaging 3.690 % from Jan 2003 (Median) to Sep 2018, with 189 observations. The data reached an all-time high of 5.190 % in Dec 2008 and a record low of 1.500 % in Jan 2017. France Mortgage Rate: Avg: Consumer: More than 1 Year data remains active status in CEIC and is reported by Bank of France. The data is categorized under Global Database’s France – Table FR.M009: Mortgage Rate.

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.

The global home loan market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 7% from 2025 to 2033. This expansion is driven by several key factors. Firstly, a consistently increasing global population, coupled with urbanization trends, fuels a persistent demand for housing. Secondly, favorable government policies in many regions, including subsidized interest rates and tax incentives for homebuyers, stimulate market activity. Furthermore, the rising disposable incomes in several developing economies are empowering more individuals to access home loans, contributing to market expansion. Innovative financial products, such as online loan applications and flexible repayment options offered by both traditional banks and fintech companies, are further accelerating market growth. Competition among providers, including banks, housing finance companies, and other financial institutions, is also driving innovation and affordability. However, the market faces certain restraints. Fluctuations in interest rates represent a significant challenge, impacting borrowing costs and consequently consumer demand. Economic downturns and periods of high inflation can also dampen market sentiment and reduce borrowing activity. Regulatory changes and stringent lending criteria in certain jurisdictions might restrict access to credit for some potential borrowers. Geopolitical instability and regional economic disparities also influence market growth, with some regions experiencing faster growth than others. The segmentation of the market by provider (banks dominating, followed by housing finance companies and others), interest rate type (fixed vs. floating), and loan tenure (with longer-term loans exhibiting higher demand) reveals opportunities for targeted marketing and product development. The leading companies, including Bank of America, Goldman Sachs (Marcus), and several international and regional players, are leveraging these trends to expand their market share. The geographical distribution of the market, with significant regional variations reflecting varying economic conditions and housing markets, presents diverse investment and growth opportunities. 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 Puerto Rico home mortgage finance market, while smaller than major global markets, exhibits significant growth potential driven by factors such as increasing population, government initiatives to boost homeownership, and fluctuating interest rates. The market's compound annual growth rate (CAGR) exceeding 1.50% suggests a steady, albeit moderate, expansion. Key market segments include home purchases, refinancing, and home improvements, with banks and housing finance companies acting as primary providers. Fixed-rate mortgages dominate the market, although adjustable-rate mortgages also play a role. While precise market size data for Puerto Rico is unavailable, a reasonable estimation, considering comparable Caribbean markets and the provided CAGR, would place the 2025 market size in the range of $500-700 million USD. This estimate incorporates the influence of factors such as economic conditions, government policies, and lending practices specific to Puerto Rico. Further growth is anticipated through 2033, driven by sustained demand for housing and continued government support. However, potential restraints such as economic instability, fluctuating interest rates, and stringent lending criteria could impact growth trajectory. The market's competitive landscape includes both local and international players, highlighting the presence of established institutions like Banco Popular and Scotia Bank alongside smaller credit unions. The geographic focus is primarily Puerto Rico itself. However, considering the data provided, the market analysis implicitly considers external influences, such as global interest rate trends and investment from larger financial institutions with operations in the region, influencing investment and loan availability. The provided list of companies indicates a presence of both national and international players further demonstrating the market’s dynamic and mixed nature. Future growth will likely depend on successfully navigating economic challenges and maintaining a stable and supportive regulatory environment. A focus on technological advancements within the mortgage application process and enhanced financial literacy programs may further enhance market expansion. Recent developments include: February 2023: Puerto Rico was expected to receive up to USD 109 million in funding under the State Small Business Credit Initiative (SSBCI) in President Biden's American Rescue Plan. The Treasury has now said that state and territory plans totaling over USD 6 billion in SSBCI funding have been approved. This is to help small businesses and entrepreneurs and make it easier to get access to capital., February 2023: The Consumer Financial Protection Bureau (CFPB) permanently banned RMK Financial Corporation, which does business as Majestic Home Loans, from the mortgage lending industry by prohibiting RMK from engaging in any mortgage lending activities or receiving remuneration from mortgage lending in Puerto Rico.. Notable trends are: Increase in Economic Growth and GDP per capita.

Mortgage interest rates in the UK were on a downward trend for more than a decade before soaring in 2022. In the first quarter of 2025, the average weighted interest rate stood at **** percent — nearly ***** times the interest rate in the first quarter of 2022. Mortgage rates also vary depending on the type of mortgage: Historically, fixed rate mortgages with a shorter term had on average lower interest rates. What types of mortgages are there? In terms of the type of interest rate, mortgages can be fixed and variable. A fixed interest rate is simply a mortgage where the rate of repayment is fixed, while a variable rate depends on the lender’s underlying variable interest rate. Furthermore, mortgages could be for a house purchase or for refinancing. The vast majority of mortgages in the UK are fixed rate mortgages for house purchase, and only a small share is for remortgaging. How big is the UK mortgage market? The UK has the largest mortgage market in Europe, amounting to over ** billion euros in gross residential mortgage lending as of the fourth quarter of 2024. When comparing the total outstanding residential mortgage lending, the UK also ranks first with about *** trillion euros.

Evaluate Canada’s best mortgage rates in one place. RATESDOTCA’s Rate Matrix lets you compare pricing for all key mortgage types and terms. Rates are based on an average mortgage of $300,000

Argentina Lending Rate: Foreign Currency: Fixed & Renegotiable: Mortgage Loans: More than 10 Years data was reported at 0.000 % pa in Mar 2025. This stayed constant from the previous number of 0.000 % pa for Feb 2025. Argentina Lending Rate: Foreign Currency: Fixed & Renegotiable: Mortgage Loans: More than 10 Years data is updated monthly, averaging 0.000 % pa from Jun 1993 (Median) to Mar 2025, with 382 observations. The data reached an all-time high of 16.720 % pa in Feb 1994 and a record low of 0.000 % pa in Mar 2025. Argentina Lending Rate: Foreign Currency: Fixed & Renegotiable: Mortgage Loans: More than 10 Years data remains active status in CEIC and is reported by Central Bank of Argentina. The data is categorized under Global Database’s Argentina – Table AR.M006: Lending Rate: Non Financial Private Sector.