Fixed 30-year mortgage rates in the United States averaged 6.69 percent in the week ending August 22 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.

About 1.4 million households with mortgages up for renewal in the United Kingdom (UK) will face increasing monthly costs by the end of 2024 because of the aggressive mortgage interest hikes since the beginning of 2022. For about one million of these households, the increase will be between one British pound and 300 British pounds, while for 388,000 households, the increase will be higher. By December 2026, the number of households with rising mortgage payments is projected at 3.9 million. Meanwhile, about two million mortgage borrowers are expected to benefit from reduced mortgage payments by the end of 2026.

Due to interest rates decreasing in recent years, mortgages in the United Kingdom have become overall more affordable: In 2007, when mortgages were the least affordable, a home buyer spent on average **** percent of their income on mortgage interest and *** percent on capital repayment. In 2019, the year with the most affordable mortgages, mortgage interest accounted for *** percent and capital repayment was **** percent of their income. As interest rates increase in response to the rising inflation, mortgage affordability is expected to worsen. Though below the levels observed before 2007, the total mortgage repayment between 2022 and 2026 is expected to exceed ** percent of income.

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.

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 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.

Mortgage Application in the United States decreased by 0.50 percent in the week ending August 22 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.

Latin America Home Mortgage Finance Market size was valued at USD 55 Billion in 2024 and is expected to reach USD 69.5 Billion by 2032, growing at a CAGR of 3% from 2026-2032.

Latin America Home Mortgage Finance Market Drivers

Rapid Urban Growth: Latin America has experienced significant urbanization, leading to a surge in demand for housing in urban centers. This drives the need for mortgage financing to facilitate homeownership.

Housing Deficit: Many countries in the region face a substantial housing deficit, particularly for low- and middle-income families. This creates a large potential market for mortgage products.

Housing Subsidies: Government programs that provide housing subsidies or incentives can stimulate demand for mortgage financing

Mortgage Market Regulations: Clear and stable mortgage market regulations create a favorable environment for lenders and borrowers.

Bank Lending Rate in the United States remained unchanged at 7.50 percent in July. This dataset provides - United States Average Monthly Prime Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

China Home Loan Market size was valued at USD 37.8 Trillion in 2024 and is projected to reach USD 59 Trillion by 2032, growing at a CAGR of 5.7 % from 2026 to 2032. The China home loan market is primarily driven by rapid urbanization, rising disposable incomes, and supportive government policies. As more people migrate to cities, the demand for housing increases, leading to a surge in mortgage financing. Government initiatives, such as reduced down payments and lower mortgage rates, have made homeownership more accessible, further fueling market growth.​ Additionally, the digitalization of mortgage services has streamlined the loan approval process, enhancing customer experience and attracting more borrowers. The growing middle class, with higher income levels, is increasingly investing in property, contributing to the expansion of the home loan market. These factors collectively create a robust environment for the continued growth of China's home loan sector.

In June 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In the first half of 2025, Russia maintained the highest interest rate at 20 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at 0.1 percent in June 2025. In contrast, Russia maintained a high inflation rate of 9.4 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Japan Mortgage/Loan Brokers Market size was valued at USD 82.3 Billion in 2024 and is projected to reach USD 118.5 Billion by 2032, growing at a CAGR of 4.65 % from 2026 to 2032. The Japan Mortgage/Loan Brokers Market is driven by low interest rates, a strong urban housing demand, and government incentives for homeownership. Aging demographics and a shrinking workforce also fuel demand for refinancing and reverse mortgages, while digitalization streamlines loan approvals and brokerage services. Rising foreign investments in real estate and increased competition among lenders are further shaping the market. Additionally, regulatory shifts, such as policies on housing affordability and financial transparency, influence brokerage operations and market dynamics.

The Finance sector's operating environment was previously characterised by record-low interest rates. Nonetheless, high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This shift allowed financial institutions to impose higher loan charges, propelling their revenue. Banks raised interest rates quicker than funding costs in the first half of 2022-23, boosting net interest margins. However, sophisticated competition and digital disruption have reshaped the sector and nibbled at the Big Four's dominance, weighing on ADIs' performance. In the first half of 2025, the fierce competition has forced ADIs to trim lending rates even ahead of RBA moves to protect their slice of the mortgage market. Higher cash rates initially widened net interest margins, but the expiry of cheap TFF funding and a fierce mortgage war are now compressing spreads, weighing on ADIs' profitability. Although ANZ's 2024 Suncorp Bank takeover highlights some consolidation, the real contest is unfolding in tech. Larger financial institutions are combatting intensified competition from neobanks and fintechs by upscaling their technology investments, strengthening their strategic partnerships with cloud providers and technology consulting firms and augmenting their digital offerings. Notable examples include the launch of ANZ Plus by ANZ and Commonwealth Bank's Unloan. Meanwhile, investor demand for rental properties, elevated residential housing prices and sizable state-infrastructure pipelines have continued to underpin loan growth, offsetting the drag from weaker mortgage affordability and volatile business sentiment. Overall, subdivision revenue is expected to rise at an annualised 8.3% over the five years through 2024-25, to $524.6 billion. This growth trajectory includes an estimated 4.8% decline in 2024-25 driven by rate cuts in 2025, which will weigh on income from interest-bearing assets. The Big Four banks will double down on technology investments and partnerships to counter threats from fintech startups and neobanks. As cybersecurity risks and APRA regulations evolve, financial institutions will gear up to strengthen their focus on shielding sensitive customer data and preserving trust, lifting compliance and operational costs. In the face of fierce competition, evolving regulations and shifting customer preferences, consolidation through M&As is poised to be a viable trend for survival and growth, especially among smaller financial institutions like credit unions. While rate cuts will challenge profitability within the sector, expansionary economic policies are poised to stimulate business and mortgage lending activity, presenting opportunities for strategic growth in a dynamic market. These trends are why Finance subdivision revenue is forecast to rise by an annualised 1.1% over the five years through the end of 2029-30, to $554.9 billion

The benchmark interest rate in Norway was last recorded at 4.25 percent. This dataset provides the latest reported value for - Norway Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The global loan servicing software market was valued at USD 563 million in 2019 and is estimated to reach USD 1216 million by 2026, expanding at a CAGR of 11% during the forecast period, 2020 – 2026. The growth of the market is attributed to rising banking and financial institutes and increasing need of streamlining loan process.



Several financial institutions need higher risk controls during the loan process to ensure enhance capital, fewer losses and lending ability according to the regulatory requirements. Loan servicing software is useful for banks, credit unions, and mortgage lenders for real time data deliver precise analysis related to price setting and credit profiles of potential clients. Loan servicing software also helps commercial finance companies, specialty lenders, wholesale lenders, and banks to manage all mortgages, notes, contracts, and installment loans. Loan servicing software works as a broad credit reporting software, transaction processing and banking, collection management system, investor accounting, and loan servicing system. Financial institutions and banks are more focused on decreasing the delinquency rates of the loans with the help of available technological solutions, such as internet of things, analytics solutions and big data, for the same.

Drivers, Restrains, Opportunities and Market Trends:

• Loan servicing software automates loan results and plays a major role in increasing the speed of service and borrower satisfaction. These factor is anticipated to boost the global loan service software market during the forecast period.
• The increasing requirement by the financial institute and banks to comply with multiple regulations and increase in the number of key players is expected to drive the market during the forecast period.
• Increasing adoption of advanced technology for loan servicing and increasing incidence of mergers and acquisitions across the world is expected to boost the market during the forecast period.
• Intensified competition in the market is expected to restrain the global loan service software market during the forecast period.
• Security risks associated with software service offerings is expected to restraint the market during the forecast period.
• Increase in popularity and demand for loan service software is expected to offer growth opportunities in the global loan service software market during the forecast.
• Loan lending is time consuming and complex process, several key players in the market have considered this as business opportunities to offer products such as loan management software, loan originating software, and loan analytics software solutions to financial institutions.
• Rise of software based loan services is an emerging trend in company application. Global loan service software market is presently witnessing increase in adoption of the same by many financial institution and banks to manage the whole lending cycle.
• Lenders have effectively started using analytics, as is one of the loan servicing software market trends, which is expected to gain traction during the forecast period.

Scope of the Report:

Forecast: Bank Lending Interest Rate in Canada 2022 - 2026 Discover more data with ReportLinker!

Qatar Mortgage/Loan Brokers Market size was valued at USD 18.2 Billion in 2024 and is projected to reach USD 28.5 Billion by 2032, growing at a CAGR of 5.78% during the forecast period 2026-2032.

Qatar Mortgage/Loan Brokers Market Drivers

1. Government Programs and Regulations National Vision 2030: Real estate investment and homeownership are promoted by Qatar's long-term economic policy.

Housing Support Programs: Demand for loan brokerage services is increased by government-backed mortgage programs, particularly for citizens.

Regulatory Reforms: The Qatar Central Bank's (QCB) simplified lending rules improve accessibility and transparency.

1. Infrastructure Expansion and Real Estate Market Growth: The need for housing is driven by significant projects like Lusail City, The Pearl, and FIFA World Cup 2022 legacy developments.

Foreign Investment: Mortgage brokerage activities have increased as a result of new rules that permit foreigners to own real estate in specific areas.

1. An environment with low interest rates Broker-assisted mortgage transactions increase when house loans are made more appealing through competitive lending rates and flexible financing alternatives.

The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

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.

Asia-Pacific Mortgage (Loan Brokers) Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow at a CAGR of 18% in the forecasted period. i.e. 2026 to 2032.

Asia-Pacific Mortgage (Loan Brokers) Market Drivers

Growing Urban Populations: Rapid urbanization across Asia-Pacific is driving a surge in demand for housing, particularly in major cities

Rising Middle Class: An expanding middle class with increasing disposable incomes is fueling the desire for homeownership.

Infrastructure Development: Government investments in infrastructure projects are stimulating housing development and related financial services.

Young Workforce: Many Asia-Pacific countries have a young and growing workforce, which is a key demographic for first-time homebuyers.

Changing Family Structures: Evolving family structures and lifestyles are influencing housing preferences and mortgage needs.