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.

After a period of gradual decline, the average annual rate on a 30-year fixed-rate mortgage in the United States rose to 6.81 percent in 2023, up from the record-low 2.96 percent in 2021. The rate for 15-year fixed mortgages and five-year ARM mortgages followed a similar trend. This was a result of the Federal Reserve increasing the bank rate - a measure introduced to tackle the rising inflation. U.S. home prices going through the roof Mortgage rates have a strong impact on the market – the lower the rate, the lower the loan repayment. The rate on a 30-year fixed-rate mortgage decreasing after the Great Recession has stimulated the market and boosted home sales. Another problem consumers face is the fact that house prices are rising at an unaffordable level. The median sales price of a new home sold surged in 2021, while the median weekly earnings of a full-time employee maintained a more moderate increase. What are the differences between 15-year and 30-year mortgages? Two of the most popular loan terms available to homebuyers are the 15-year fixed-rate mortgage and the 30-year fixed-rate mortgage. The 30-year option appeals to more consumers because the repayment is spread out over 30 years, meaning the monthly payments are lower. Consumers choosing the 15-year option will have to pay higher monthly payments but benefit from lower interest rates.

30 Year Mortgage Rate in the United States increased to 6.67 percent in March 20 from 6.65 percent in the previous week. This dataset includes a chart with historical data for the United States 30 Year Mortgage Rate.

Fixed 30-year mortgage rates in the United States averaged 6.71 percent in the week ending March 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.

Long term dataset showing the 30 year fixed rate mortgage average in the United States since 1971.

Graph and download economic data for 15-Year Fixed Rate Mortgage Average in the United States (MORTGAGE15US) from 1991-08-30 to 2025-03-20 about 15-year, fixed, mortgage, interest rate, interest, rate, and USA.

Mortgage interest rates in Europe soared in 2022 and remained elevated in 2023. In many countries, this resulted in interest rates more than doubling. In Denmark, the average mortgage interest rate rose from 0.67 percent in 2021 to 4.98 percent in 2023. 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 will allow mortgage lenders to reduce mortgage interest rates. What is the impact of interest rates on homebuying? Lower interest rates make taking out a housing loan more affordable, and thus, encourage homebuying. 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.

Graph and download economic data for 30-Year Fixed Rate FHA Mortgage Index (OBMMIFHA30YF) from 2017-01-03 to 2025-03-24 about FHA, 30-year, fixed, mortgage, rate, indexes, and USA.

Graph and download economic data for 30-Year Fixed Rate Veterans Affairs Mortgage Index (OBMMIVA30YF) from 2017-01-03 to 2025-03-25 about veterans, 30-year, fixed, mortgage, rate, indexes, and USA.

Graph and download economic data for 30-Year Fixed Rate Jumbo Mortgage Index (OBMMIJUMBO30YF) from 2017-01-03 to 2025-03-25 about jumbo, 30-year, fixed, mortgage, rate, indexes, 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 September 2023, the average 10-year fixed rate interest rate reached 5.1 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 2022, reaching close to 1.3 million. Despite the number of transactions falling, this figure was higher than the period before the COVID-10 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 fourth 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 five million homeowners are projected to see their deal expire by the end of 2026. About two million of these loans are projected to experience a monthly payment increase of up to 199 British pounds by 2026.

Graph and download economic data for Expenditures: Mortgage Interest and Charges by Income Before Taxes: $150,000 to $199,999 (CXUOWNMORTGLB0222M) from 2015 to 2023 about mortgage, tax, expenditures, interest, income, and USA.

Graph and download economic data for Expenditures: Mortgage Interest and Charges by Composition of Consumer Unit: Single Person and Other Consumer Units (CXUOWNMORTGLB0610M) from 1984 to 2023 about consumer unit, mortgage, expenditures, personal, interest, and USA.

After a period of record-low mortgage interest rates, the cost of mortgage borrowing in Germany surged in 2022. In 2019, mortgage rates declined notably, falling as low as 1.16 percent in December 2020. This downward trend reversed in 2021, as mortgage rates started to gradually pick up. Five-to-ten-year mortgage loans had the lowest rates in October 2023 at 3.85 percent, while floating rate mortgages up to one year were the most expensive at 5.53 percent. Mortgages with over 10-year fixed period – the most popular loan type among homebuyers - had an interest rate of 3.9 percent.

Why did mortgage rates in Germany increase?

In 2022, the yearly inflation rate in Germany experienced a swift rise, prompting the central bank to raise interest rates to counter this surge. The European Central Bank (ECB) is responsible for determining Germany's central bank interest rate. In July 2022, following a prolonged period of stability, the average interest rates in Germany began a steady rise, which persisted consistently thereafter.  This increase is intended to stabilize prices, but it also means higher borrowing costs for those seeking mortgages.

Downturn in Germany's home loan borrowing

From 2022 onward, the gross residential mortgage lending in Germany fell dramatically. Besides the higher interest rates, the downturn can be explained by the slowed pace of economic growth, which makes individuals and businesses more cautious about big investments such as buying a home. Additionally, the German housing market suffers a chronic undersupply, meaning that homebuyers often struggle to find an affordable home to purchase.

Graph and download economic data for Expenditures: Mortgage Interest and Charges by Generation: Birth Year of 1945 or Earlier (CXUOWNMORTGLB1609M) from 2019 to 2023 about birth, mortgage, expenditures, interest, and USA.

Mortgage Application in the United States decreased by 2 percent in the week ending March 21 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 Expenditures: Mortgage Interest and Charges by Housing Tenure: Home Owner (CXUOWNMORTGLB1702M) from 1984 to 2023 about homeownership, mortgage, expenditures, interest, housing, and USA.

Mortgage Interest Rate: Flexible data was reported at 7.000 % pa in 26 Mar 2025. This stayed constant from the previous number of 7.000 % pa for 25 Mar 2025. Mortgage Interest Rate: Flexible data is updated daily, averaging 8.750 % pa from Feb 2023 (Median) to 26 Mar 2025, with 784 observations. The data reached an all-time high of 8.750 % pa in 31 Jul 2024 and a record low of 7.000 % pa in 26 Mar 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.

Key information about United States Bank Lending Rate

• United States Bank Lending Rate was reported at 7.500 % pa in Mar 2025.
• This stayed constant from the previous number of 7.500 % pa for Mar 2025.
• US Bank Lending Rate data is updated daily, averaging 4.250 % pa from Aug 1955 to 24 Mar 2025, with 25436 observations.
• The data reached an all-time high of 8.500 % pa in 18 Sep 2024 and a record low of 3.250 % pa in 16 Mar 2022.
• US Bank Lending Rate data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Bank Lending Rate: Daily.

This dataset offers a detailed analysis of mortgage delinquency rates across the U.S., specifically focusing on mortgages that are over 90 days late from January 2008 to March 2023. It includes monthly data for each state and the national average, with each column representing the percentage of severely delinquent mortgages for a given month and year. This data is crucial for understanding the trends in mortgage delinquencies over a fifteen-year period, providing insights into the health of the housing market, the economic conditions across different states, and the impact of economic factors and policy changes on homeowners' financial stability.