Fixed 30-year mortgage rates in the United States averaged 6.77 percent in the week ending July 4 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 median mortgage rate was the highest among Black and Hispanic mortgage applicants in the third quarter of 2023, followed closely by White applicants. Asian mortgage applicants for conventional conforming loans had lower interest rate, amounting to 6.63 percent.

30 Year Mortgage Rate in the United States increased to 6.72 percent in July 10 from 6.67 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 2025-07-10 about 15-year, fixed, mortgage, interest rate, interest, rate, and USA.

15 Year Mortgage Rate in the United States increased to 5.86 percent in July 10 from 5.80 percent in the previous week. This dataset includes a chart with historical data for the United States 15 Year Mortgage Rate.

The rate on 15-year fixed rate mortgages in the United States decreased in the period after the Great Recession and reached its lowest level in 2021, followed by a steep increase in the next two years. In the early 1990s, the rate on a 15-year fixed rate mortgage was between six and nine percent. The rate then fell to 2.27 percent in 2021. After the Federal Reserve introduced several bank rate hikes to tackle the rising inflation, the mortgage rate soared to 6.11 percent — the highest rate observed since 2008. The rate for 30-year fixed mortgages and five-year ARM mortgages followed a similar trend.

Mortgage Loan Service Market Outlook

The global mortgage loan service market size was valued at approximately $10.5 trillion in 2023 and is projected to reach around $18.2 trillion by 2032, growing at a CAGR of 6.1% during the forecast period. The growth of this market is driven by the increasing urbanization, rising disposable incomes, and favorable government policies aimed at promoting homeownership across various regions. Additionally, the proliferation of digital banking and fintech solutions has made mortgage services more accessible, further contributing to the market's expansion.

One of the primary growth factors for the mortgage loan service market is the significant rise in housing demand globally. As urban populations swell and economic conditions improve, more individuals and families are seeking to purchase homes, driving the need for mortgage loans. This trend is particularly evident in emerging markets, where urbanization is occurring at an unprecedented rate. Governments are also playing a crucial role by implementing policies and grants to make housing more affordable, thereby boosting mortgage adoption.

Technological advancements are another significant factor propelling the mortgage loan service market. The integration of AI, big data analytics, and blockchain technology has revolutionized the way mortgage services are delivered. These technologies streamline application processes, enhance risk assessment, and improve customer service, making it easier and faster for consumers to secure loans. Fintech companies, in particular, are leveraging these technologies to offer more competitive rates and personalized loan products, thereby attracting a broader customer base.

Furthermore, the increasing participation of non-banking financial institutions (NBFIs) and credit unions has diversified the mortgage loan service market. These entities often provide more flexible and innovative loan products compared to traditional banks, meeting the needs of a more varied clientele. NBFIs and credit unions also tend to have more lenient approval processes, making them an attractive option for individuals with non-traditional income sources or lower credit scores. This diversification is contributing significantly to the market's growth.

Mortgage Loans Software is playing an increasingly pivotal role in the evolution of the mortgage loan service market. As the industry embraces digital transformation, software solutions are being developed to streamline the entire mortgage process, from application to approval. These software platforms facilitate better data management, enhance customer experience, and improve operational efficiency for service providers. By automating routine tasks and providing real-time analytics, Mortgage Loans Software helps lenders make more informed decisions, reduce processing times, and minimize errors. This technological advancement is not only beneficial for lenders but also empowers borrowers by offering them greater transparency and control over their mortgage journey.

Regionally, North America continues to dominate the mortgage loan service market due to its well-established financial infrastructure and high homeownership rates. However, the Asia Pacific region is expected to register the fastest growth during the forecast period, driven by rapid urbanization, rising incomes, and government initiatives aimed at affordable housing. Countries like China and India are particularly noteworthy due to their large and growing middle-class populations.

Type Analysis

The mortgage loan service market is segmented by type into fixed-rate mortgages, adjustable-rate mortgages, interest-only mortgages, reverse mortgages, and others. Fixed-rate mortgages are the most popular type, offering borrowers the stability of a constant interest rate over the life of the loan. This makes them particularly attractive in times of low-interest rates, as borrowers can lock in favorable terms for the long term. The predictability of monthly payments also makes fixed-rate mortgages a preferred choice for many homeowners.

Adjustable-rate mortgages (ARMs) offer lower initial interest rates compared to fixed-rate mortgages, making them an attractive option for borrowers who anticipate an increase in their income or plan to sell their property before the rate adjusts. However, the fluctuating interest rates can pose a risk, especially in volatile economic conditions. Despite this, the flexibility

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.

Type of Mortgage Loan:Conventional Mortgage Loans: Backed by private investors and typically require a down payment of 20% or more.Jumbo Loans: Loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac.Government-insured Mortgage Loans: Backed by the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), or U.S. Department of Agriculture (USDA).Others: Includes non-QM loans, reverse mortgages, and shared equity programs.Mortgage Loan Terms:30-year Mortgage: The most common term, offering low monthly payments but higher overall interest costs.20-year Mortgage: Offers a shorter repayment period and lower long-term interest costs.15-year Mortgage: The shortest term, providing lower interest rates and faster equity accumulation.Others: Includes adjustable-rate mortgages (ARMs) and balloons loans.Interest Rate:Fixed-rate Mortgage Loan: Offers a stable interest rate over the life of the loan.Adjustable-rate Mortgage Loan (ARM): Offers an initial interest rate that may vary after a certain period, potentially leading to higher or lower monthly payments.Provider:Primary Mortgage Lender: Originates and services mortgages directly to borrowers.Secondary Mortgage Lender: Purchases mortgages from originators and packages them into securities for sale to investors. Key drivers for this market are: Digital platforms and AI-driven credit assessments have simplified the application process, improving accessibility and borrower experience. Potential restraints include: Fluctuations in interest rates significantly impact borrowing costs, affecting loan demand and affordability. Notable trends are: The adoption of online portals and mobile apps is transforming the mortgage process with faster approvals and greater transparency.

Graph and download economic data for 30-Year Fixed Rate Jumbo Mortgage Index (OBMMIJUMBO30YF) from 2017-01-03 to 2025-07-11 about jumbo, 30-year, fixed, mortgage, rate, indexes, and USA.

Graph and download economic data for 30-Year Fixed Rate FHA Mortgage Index (OBMMIFHA30YF) from 2017-01-03 to 2025-07-14 about FHA, 30-year, fixed, mortgage, rate, indexes, and USA.

The average mortgage interest rate decreased in nearly every country in Europe between 2012 and 2021, followed by an increase in response to inflation. In the fourth quarter of 2024, Poland, Hungary, and Romania topped the ranking as the countries with the highest mortgage interest rates in Europe. Conversely, Belgium, Spain, and Italy displayed the lowest interest rates. The UK, which is the country with the largest value of mortgages outstanding, had an interest rate of **** percent.

Graph and download economic data for 5/1-Year Adjustable Rate Mortgage Average in the United States (DISCONTINUED) (MORTGAGE5US) from 2005-01-06 to 2022-11-10 about adjusted, mortgage, interest rate, interest, 5-year, rate, and USA.

Mortgage Rate in Sweden decreased to 3.03 percent in May from 3.13 percent in April of 2025. This dataset includes a chart with historical data for Sweden Average Interest Rate on New Agreements for Mortgages to Households.

Table of data representing

Mortgage Rate in the United Kingdom decreased to 6.98 percent in June from 7.09 percent in May of 2025. This dataset provides - United Kingdom BBA Mortgage Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The North America mortgage/loan brokers market is poised for steady growth, with a market size of XX million and a CAGR of 5.00% during the forecast period of 2025-2033. The market is driven by rising homeownership rates, increasing mortgage interest rates, and growing demand for refinancing. Additionally, the emergence of fintech companies offering innovative mortgage products and services is further propelling market growth. Key market trends include the increasing use of technology to improve the mortgage process, the growing popularity of jumbo loans, and the rising demand for reverse mortgages. However, the market is also subject to certain restraints, such as regulatory changes and economic downturns. Major players in the market include Penny Mac, Home Point, Caliber Home Loans, and Fairway Independent Corporation. The United States is the largest market for mortgage/loan brokers in North America, followed by Canada. Recent developments include: In November 2022, To expand the use of eNotes across 250 locations in 49 states, Primary Residential Mortgage Inc. (PRMI) employed the eVault and digital closing platform from Snapdocs., In August 2022, Due to the slowdown in home sales caused by rising interest rates, the two biggest mortgage lenders in the US are increasing pressure on their smaller rivals by providing discounts and other incentives. The two biggest mortgage originators in the US, Rocket Mortgage and United Wholesale Mortgage, respectively, are pursuing aggressive strategies at a time when many lenders are leaving the market or going out of business.. Notable trends are: Increase in Digitization in Lending and Blockchain Technology is driving the market.

The Japan Mortgage/Loan Brokers Market report segments the industry into By Type Of Mortgage Loan (Conventional Mortgage Loan, Jumbo Loans, Government-Insured Mortgage Loans, Other Types Of Mortgage Loan), By Mortgage Loan Terms (30- Years Mortgage, 20-Year Mortgage, 15-Year Mortgage, Other Mortgage Loan Terms), By Interest Rate (Fixed-Rate, Adjustable-Rate), and By Provider (Primary Mortgage Lender, Secondary Mortgage Lender).

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.