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 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-06-26 about 15-year, fixed, mortgage, interest rate, interest, rate, and USA.

Bank Lending Rate in India remained unchanged at 9.77 percent in May. This dataset provides - India Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States Mortgage Fixed Rate: Mth Avg: 30 Year data was reported at 4.870 % pa in Nov 2018. This records an increase from the previous number of 4.830 % pa for Oct 2018. United States Mortgage Fixed Rate: Mth Avg: 30 Year data is updated monthly, averaging 7.635 % pa from Apr 1971 (Median) to Nov 2018, with 572 observations. The data reached an all-time high of 18.450 % pa in Oct 1981 and a record low of 3.350 % pa in Dec 2012. United States Mortgage Fixed Rate: Mth Avg: 30 Year data remains active status in CEIC and is reported by Federal Home Loan Mortgage Corporation, Freddie Mac. The data is categorized under Global Database’s United States – Table US.M012: Mortgage Interest Rate.

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.

United States Mortgage Fixed Rate: Wk Ending: 30 Year data was reported at 4.540 % pa in 26 Jul 2018. This records an increase from the previous number of 4.520 % pa for 19 Jul 2018. United States Mortgage Fixed Rate: Wk Ending: 30 Year data is updated weekly, averaging 4.550 % pa from Jan 2004 (Median) to 26 Jul 2018, with 760 observations. The data reached an all-time high of 6.800 % pa in 20 Jul 2006 and a record low of 3.310 % pa in 22 Nov 2012. United States Mortgage Fixed Rate: Wk Ending: 30 Year data remains active status in CEIC and is reported by Federal Home Loan Mortgage Corporation, Freddie Mac. The data is categorized under Global Database’s USA – Table US.M012: Mortgage Interest 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.

Graph and download economic data for Expenditures: Mortgage Interest and Charges by Education: Associate Degree (CXUOWNMORTGLB1306M) from 1996 to 2012 about associate degree, mortgage, expenditures, education, interest, and USA.

Graph and download economic data for Expenditures: Mortgage Interest and Charges by Education: Total, Less Than College Graduate (CXUOWNMORTGLB1302M) from 1996 to 2012 about no college, mortgage, expenditures, education, interest, and USA.

Graph and download economic data for Large Bank Consumer Mortgage Balances: 60 or More Days Past Due: Including Foreclosures Rates: Accounts Based (RCMFLBACTDPDPCT60P) from Q3 2012 to Q4 2024 about 60 days +, accounts, FR Y-14M, large, balance, mortgage, consumer, banks, depository institutions, rate, and USA.

Mortgage credit interest rate, percent in Serbia, March, 2025 The most recent value is 9.91 percent as of March 2025, a decline compared to the previous value of 9.94 percent. Historically, the average for Serbia from September 2010 to March 2025 is 9.74 percent. The minimum of 5.28 percent was recorded in February 2019, while the maximum of 15.7 percent was reached in October 2012. | TheGlobalEconomy.com

United States Mortgage Adjustable Rate: Wk Ending: 5 Year: Margin data was reported at 2.770 % pa in 29 Nov 2018. This records an increase from the previous number of 2.760 % pa for 22 Nov 2018. United States Mortgage Adjustable Rate: Wk Ending: 5 Year: Margin data is updated weekly, averaging 2.740 % pa from Jan 2005 (Median) to 29 Nov 2018, with 726 observations. The data reached an all-time high of 2.800 % pa in 04 May 2006 and a record low of 0.740 % pa in 19 Apr 2012. United States Mortgage Adjustable Rate: Wk Ending: 5 Year: Margin data remains active status in CEIC and is reported by Federal Home Loan Mortgage Corporation, Freddie Mac. The data is categorized under Global Database’s United States – Table US.M012: Mortgage Interest Rate.

United States Housing Affordability Index: Mortgage Rate data was reported at 4.770 % in Sep 2018. This records a decrease from the previous number of 4.780 % for Aug 2018. United States Housing Affordability Index: Mortgage Rate data is updated monthly, averaging 6.470 % from Jan 1989 (Median) to Sep 2018, with 357 observations. The data reached an all-time high of 10.590 % in Jun 1989 and a record low of 3.430 % in Dec 2012. United States Housing Affordability Index: Mortgage Rate data remains active status in CEIC and is reported by National Association of Realtors. The data is categorized under Global Database’s United States – Table US.EB018: Housing Affordability Index.

WAS: Effective Rate: FRM 30-Year data was reported at 5.290 % in 16 Nov 2018. This records a decrease from the previous number of 5.330 % for 09 Nov 2018. WAS: Effective Rate: FRM 30-Year data is updated weekly, averaging 6.460 % from Jan 1990 (Median) to 16 Nov 2018, with 1507 observations. The data reached an all-time high of 11.070 % in 27 Apr 1990 and a record low of 3.570 % in 07 Dec 2012. WAS: Effective Rate: FRM 30-Year 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.

August 2024 marked a significant shift in the UK's monetary policy, as it saw the first reduction in the official bank base interest rate since August 2023. This change came after a period of consistent rate hikes that began in late 2021. In a bid to minimize the economic effects of the COVID-19 pandemic, the Bank of England cut the official bank base rate in March 2020 to a record low of *** percent. This historic low came just one week after the Bank of England cut rates from **** percent to **** percent in a bid to prevent mass job cuts in the United Kingdom. It remained at *** percent until December 2021 and was increased to one percent in May 2022 and to **** percent in October 2022. After that, the bank rate increased almost on a monthly basis, reaching **** percent in August 2023. It wasn't until August 2024 that the first rate decrease since the previous year occurred, signaling a potential shift in monetary policy. Why do central banks adjust interest rates? Central banks, including the Bank of England, adjust interest rates to manage economic stability and control inflation. Their strategies involve a delicate balance between two main approaches. When central banks raise interest rates, their goal is to cool down an overheated economy. Higher rates curb excessive spending and borrowing, which helps to prevent runaway inflation. This approach is typically used when the economy is growing too quickly or when inflation is rising above desired levels. Conversely, when central banks lower interest rates, they aim to encourage borrowing and investment. This strategy is employed to stimulate economic growth during periods of slowdown or recession. Lower rates make it cheaper for businesses and individuals to borrow money, which can lead to increased spending and investment. This dual approach allows central banks to maintain a balance between promoting growth and controlling inflation, ensuring long-term economic stability. Additionally, adjusting interest rates can influence currency values, impacting international trade and investment flows, further underscoring their critical role in a nation's economic health. Recent interest rate trends Between 2021 and 2024, most advanced and emerging economies experienced a period of regular interest rate hikes. This trend was driven by several factors, including persistent supply chain disruptions, high energy prices, and robust demand pressures. These elements combined to create significant inflationary trends, prompting central banks to raise rates in an effort to temper spending and borrowing. However, in 2024, a shift began to occur in global monetary policy. The European Central Bank (ECB) was among the first major central banks to reverse this trend by cutting interest rates. This move signaled a change in approach aimed at addressing growing economic slowdowns and supporting growth.

Graph and download economic data for Expenditures: Mortgage Interest and Charges by Highest Education: Less Than College Graduate: High School Graduate with Some College (CXUOWNMORTGLB1405M) from 2012 to 2023 about no college, secondary schooling, secondary, mortgage, expenditures, education, interest, and USA.

United States WAS: Contract Rate: FHA 203 data was reported at 5.110 % in 23 Nov 2018. This records an increase from the previous number of 5.080 % for 16 Nov 2018. United States WAS: Contract Rate: FHA 203 data is updated weekly, averaging 6.280 % from Jan 1990 (Median) to 23 Nov 2018, with 1508 observations. The data reached an all-time high of 10.290 % in 27 Apr 1990 and a record low of 3.320 % in 07 Dec 2012. United States WAS: Contract Rate: FHA 203 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.

Mortgage interest rates in the UK were on a downward trend for more than a decade before soaring in 2022. In the fourth quarter of 2024, the average weighted interest rate stood at **** percent — nearly ***** times the interest rate in the fourth quarter of 2021. 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 nearly ***billion euros in gross residential mortgage lending as of the second quarter of 2023. When comparing the total outstanding residential mortgage lending, the UK also ranks first with about *** trillion euros.

Interactive chart showing the daily 10 year treasury yield back to 1962. The 10 year treasury is the benchmark used to decide mortgage rates across the U.S. and is the most liquid and widely traded bond in the world.

Brazil Lending Rate: per Month: Pre-Fixed: Individuals: Mortgages with Regulated Rates: Portoseg S.A. Credito Financiamento e Investimento data was reported at 0.000 % per Month in 03 Jul 2019. This stayed constant from the previous number of 0.000 % per Month for 02 Jul 2019. Brazil Lending Rate: per Month: Pre-Fixed: Individuals: Mortgages with Regulated Rates: Portoseg S.A. Credito Financiamento e Investimento data is updated daily, averaging 0.000 % per Month from Jan 2012 (Median) to 03 Jul 2019, with 1867 observations. The data reached an all-time high of 0.000 % per Month in 03 Jul 2019 and a record low of 0.000 % per Month in 03 Jul 2019. Brazil Lending Rate: per Month: Pre-Fixed: Individuals: Mortgages with Regulated Rates: Portoseg S.A. Credito Financiamento e Investimento data remains active status in CEIC and is reported by Central Bank of Brazil. The data is categorized under Brazil Premium Database’s Interest and Foreign Exchange Rates – Table BR.MB012: Lending Rate: per Month: by Banks: Pre-Fixed: Individuals: Mortgages with Regulated Rates. Lending Rate: Daily: Interest rates disclosed represent the total cost of the transaction to the client, also including taxes and operating. These rates correspond to the average fees in the period indicated in the tables. There are presented only institutions that had granted during the period determined. In general, institutions practicing different rates within the same type of credit. Thus, the rate charged to a customer may differ from the average. Several factors such as the time and volume of the transaction, as well as the guarantees offered, explain the differences between interest rates. Certain institutions grant allowance of the use of the term overdraft. However, this is not considered in the calculation of rates of this type. It should be noted that the overdraft is a modality that has high interest rates. Thus, its use should be restricted to short periods. If the customer needs resources for a longer period, should find ways to offer lower rates. The Brazilian Central Bank publishes these data with a delay about 20 days with relation to the reference period, thus allowing sufficient time for all Financial Institutions to deliver the relevant information. Interest rates presented in this set of tables correspond to averages weighted by the values of transactions conducted in the five working days specified in each table. These rates represent the average effective cost of loans to customers, consisting of the interest rates actually charged by financial institutions in their lending operations, increased tax burdens and operational incidents on the operations. The interest rates shown are the average of the rates charged in the various operations performed by financial institutions, in each modality. In one discipline, interest rates may differ between customers of the same financial institution. Interest rates vary according to several factors, such as the value and quality of collateral provided in the operation, the proportion of down payment operation, the history and the registration status of each client, the term of the transaction, among others . Institutions with “zero” did not operate on modalities for those periods or did not provide information to the Central Bank of Brazil. The Central Bank of Brazil assumes no responsibility for delay, error or other deficiency of information provided for purposes of calculating average rates presented in this