Fixed 30-year mortgage rates in the United States averaged 6.83 percent in the week ending July 25 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.

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.

Mortgage Application in the United States increased by 0.80 percent in the week ending July 18 of 2025 over the previous week. This dataset provides - United States MBA Mortgage Applications - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-07-24 about 15-year, fixed, mortgage, 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.

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.

The market for Mortgage Calculator Tools is projected to reach a value of USD XXX million by 2033, exhibiting a CAGR of XX% during the forecast period (2025-2033). Key market drivers include the rising demand for homeownership, increasing mortgage rates, and the need for financial planning tools. The growing popularity of online mortgage calculators and the increasing adoption of mobile devices further contribute to market growth. Major market players include Zillow, USMortgage, Truila, Ramsey, Veterans United, FHA, Karl's Mortgage Calculator, Mortgage Pal, Calculator.net, Rocket Mortgage, Mortgage Calculator, Pine Grove Software, CalculatorSoup, Bankrate, SmartAsset, NerdWallet, MoneyHelper, CalculateStuff, Bank of America, and Forbes Advisor. The market issegmented by application (residential, commercial, industrial) and by type (online, mobile, desktop). North America holds a significant market share due to the high penetration of mortgage services in the region, followed by Europe and Asia Pacific.

The benchmark interest rate in Sweden was last recorded at 2 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.

Market Analysis for Mortgage Calculator Tool The global Mortgage Calculator Tool market is projected to grow significantly in the coming years, driven by increasing homeownership rates, rising mortgage interest rates, and the increasing popularity of online financial planning tools. The market size, valued at approximately XXX million in 2025, is anticipated to expand at a CAGR of XX% during the forecast period of 2025-2033. Cloud-based and on-premises solutions dominate the market landscape, with SMEs and large enterprises representing the primary user segments. Key market players include Zillow, USMortgage, Trulia, Ramsey, Veterans United, FHA, Karl's Mortgage Calculator, Mortgage Pal, Calculator.net, and Rocket Mortgage. Key market trends include the integration of advanced technologies such as artificial intelligence and machine learning into mortgage calculators, providing users with personalized and accurate financial projections. Additionally, the growing adoption of mobile-friendly mortgage calculator tools has made it convenient for individuals to access and utilize these tools on their smartphones and tablets. The market is also expected to benefit from increased government initiatives aimed at promoting homeownership and financial literacy among consumers. However, factors such as regulatory compliance requirements and data security concerns may hinder market growth to some extent.

The U.S. mortgage market has declined notably since 2020 and 2021, mostly due to the effect of higher borrowing costs on refinance mortgages. The value of refinancing mortgage originations, amounted to 190 billion U.S. dollars in the fourth quarter of 2024, down from a peak of 851 billion U.S. dollars in the fourth quarter of 2020. The value of mortgage loans for the purchase of a property recorded milder fluctuations, with a value of 304 billion U.S. dollars in the fourth quarter of 2024. According to the forecast, mortgage lending is expected to slightly increase until the end of 2026. The cost of mortgage borrowing in the U.S. Mortgage interest rates in the U.S. rose dramatically in 2022, peaking in the final quarter of 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2024, the average rate for the same mortgage type exceeded 6.6 percent. This has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market. The effect of a slower housing market on property prices and rents According to the S&P/Case Shiller U.S. National Home Price Index, housing prices experienced a slight correction in early 2023, as property transactions declined. Nevertheless, the index continued to grow in the following months. On the other hand, residential rents have increased steadily since 2000.

Graph and download economic data for 30-Year Fixed Rate Veterans Affairs Mortgage Index (OBMMIVA30YF) from 2017-01-03 to 2025-07-29 about veterans, 30-year, fixed, mortgage, rate, indexes, and USA.

Mortgage interest rates worldwide varied greatly in 2024, 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 increase 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 2023, 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.

This dataset provides values for MORTGAGE RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for FOMC Summary of Economic Projections for the Fed Funds Rate, Median (FEDTARMD) from 2025 to 2027 about projection, federal, median, rate, and USA.

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]

Mortgage Calculator Tool Market Outlook

The global mortgage calculator tool market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach around USD 2.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.2% during the forecast period. This growth is driven by increasing demand for digital tools that simplify the home-buying process and enhance decision-making for potential buyers and financial institutions alike.

The growth of the mortgage calculator tool market is underpinned by several key factors. First, the rising use of digital technologies in the financial sector has led to a significant increase in the adoption of mortgage calculator tools. Consumers and professionals alike are seeking ways to streamline the mortgage calculation process, making it more transparent and accessible. Additionally, the proliferation of smartphones and internet connectivity has made these tools more accessible to a broader audience, further driving market growth. The convenience and accuracy provided by these digital tools are compelling reasons for their increasing popularity.

Another growth factor for the market is the increasing complexity of mortgage products. As financial institutions offer a more diverse range of mortgage options, the need for accurate and easy-to-use mortgage calculators becomes more critical. These tools help users compare different mortgage products, understand their financial implications, and make informed decisions. Furthermore, the growing awareness of the benefits of financial literacy is encouraging more consumers to use mortgage calculators to better understand their financial commitments.

The market is also benefiting from advancements in technology, such as artificial intelligence and machine learning. These technologies are being integrated into mortgage calculator tools to provide more personalized and accurate results. For example, AI can analyze a user's financial data and offer tailored mortgage solutions, making the tools more user-centric and effective. This technological evolution is expected to continue driving market growth over the forecast period.

In the realm of financial services, Residential Mortgage Service plays a pivotal role in facilitating home ownership. These services are designed to assist individuals in securing the necessary funds to purchase residential properties. By offering a range of mortgage options, they cater to diverse financial needs and circumstances, making home ownership more accessible to a wider audience. The integration of digital tools in residential mortgage services has further streamlined the application process, providing potential homeowners with quick and efficient solutions. As the demand for residential properties continues to rise, these services are becoming increasingly essential in the real estate sector.

Regionally, North America is currently the largest market for mortgage calculator tools, driven by a high level of home ownership and a mature financial sector. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. The rapid urbanization, increasing disposable income, and growing awareness of digital financial tools are the primary drivers for this growth in the Asia Pacific. Europe also presents significant opportunities due to its well-established real estate markets and increasing adoption of digital tools.

Type Analysis

In the mortgage calculator tool market, the type segment is categorized into online mortgage calculators, mobile mortgage calculator apps, and desktop mortgage calculator software. Online mortgage calculators are the most commonly used type due to their accessibility and ease of use. These tools are often available on financial websites and allow users to perform quick mortgage calculations without needing to download any software. The convenience of accessing these tools from any device with an internet connection makes them highly popular among consumers and professionals alike.

Mobile mortgage calculator apps are gaining significant traction, particularly among younger and tech-savvy consumers. These apps offer the added advantage of mobility, allowing users to perform calculations on the go. With the increasing penetration of smartphones and improved mobile internet connectivity, the adoption of mobile apps for mortgage calculations is expected to rise sharply. These apps often come with ad

Mortgage Interest Rate: Flexible data was reported at 6.800 % pa in 18 May 2025. This stayed constant from the previous number of 6.800 % pa for 17 May 2025. Mortgage Interest Rate: Flexible data is updated daily, averaging 8.600 % pa from Feb 2023 (Median) to 18 May 2025, with 837 observations. The data reached an all-time high of 8.750 % pa in 31 Jul 2024 and a record low of 6.800 % pa in 18 May 2025. Mortgage Interest Rate: Flexible data remains active status in CEIC and is reported by ANZ Bank New Zealand. The data is categorized under High Frequency Database’s Lending Rates – Table NZ.DL001: Mortgage Interest Rate.

Mortgage Approvals in the United Kingdom increased to 64.17 Thousand in June from 63.29 Thousand in May of 2025. This dataset provides the latest reported value for - United Kingdom Mortgage Approvals - 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.

Digital Mortgage Software Market Outlook

The global digital mortgage software market size was valued at approximately USD 4.5 billion in 2023 and is projected to reach around USD 13.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.5% during the forecast period. This substantial growth is driven by the increasing digitization of financial services, the rising demand for streamlined loan processing, and the integration of advanced technologies such as artificial intelligence (AI) and blockchain into mortgage software.

One of the primary growth factors for the digital mortgage software market is the increasing demand for efficiency and transparency in the loan origination process. Traditional mortgage processes are often criticized for being cumbersome and time-consuming, leading to customer dissatisfaction. Digital mortgage solutions enable lenders to streamline operations, reduce paperwork, and accelerate the approval process. By leveraging technologies like AI and machine learning, these platforms can automate document verification, credit scoring, and risk assessment, thereby significantly reducing the time taken to process mortgage applications.

Another significant driver is the rising adoption of cloud-based solutions. Cloud computing offers numerous advantages, such as scalability, flexibility, and cost-efficiency, making it an attractive option for financial institutions. Cloud-based digital mortgage software allows for seamless integration with other financial services and platforms, ensuring a more cohesive and efficient operational environment. Additionally, the scalability of cloud solutions ensures that these platforms can adapt to the changing needs and growing demands of lenders and borrowers alike.

Moreover, regulatory compliance is a critical concern in the mortgage industry, necessitating robust risk management solutions. Digital mortgage software often comes equipped with compliance and risk management modules that help financial institutions adhere to regulatory requirements while minimizing the risk of fraud and errors. These features not only enhance the accuracy of the mortgage process but also build trust with customers, thereby driving market growth. Furthermore, the use of blockchain technology in some digital mortgage software solutions offers an additional layer of security and transparency, further enhancing their appeal.

The use of a Mortgage Calculator Tool has become increasingly important for both lenders and borrowers in the digital mortgage landscape. This tool allows users to estimate their monthly mortgage payments by inputting various parameters such as loan amount, interest rate, and loan term. By providing a clear picture of potential financial commitments, the Mortgage Calculator Tool enhances transparency and helps borrowers make informed decisions about their mortgage options. For lenders, this tool can streamline the pre-approval process by quickly assessing a borrower's financial capability, thereby improving the efficiency of the loan origination process. As digital mortgage platforms continue to evolve, the integration of user-friendly tools like the Mortgage Calculator Tool is essential for enhancing customer experience and satisfaction.

Regionally, North America is expected to dominate the digital mortgage software market during the forecast period. The region's strong technological infrastructure, coupled with high digital adoption rates among financial institutions, positions it as the leading market. Europe is also anticipated to witness significant growth, driven by the stringent regulatory landscape and increasing focus on transparency and efficiency. The Asia Pacific region, on the other hand, is projected to grow at the highest CAGR, thanks to the rapid digitization of financial services and the expanding middle-class population in countries like China and India.

Component Analysis

The digital mortgage software market is segmented by component into software and services. The software component includes various platform solutions that facilitate the digital mortgage process, from loan origination to servicing. These platforms often feature integrated modules for document management, credit scoring, and compliance, offering a comprehensive solution for lenders. The software segment is expected to dominate the market, driven by the increasing adoption of advanced technologies and the need for efficient loan processing systems.