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.

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 credit interest rate, percent in Costa Rica, March, 2025 The most recent value is 7.61 percent as of March 2025, a decline compared to the previous value of 7.69 percent. Historically, the average for Costa Rica from December 2001 to March 2025 is 13.66 percent. The minimum of 6.11 percent was recorded in May 2022, while the maximum of 26.28 percent was reached in August 2002. | TheGlobalEconomy.com

After a period of gradual decline, the average annual rate on a 30-year fixed-rate mortgage in the United States rose to **** percent in 2023, up from the record-low **** percent in 2021. In 2024, interest rates declined slightly. 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.

Mortgage credit interest rate, percent in Peru, May, 2025 The most recent value is 7.45 percent as of May 2025, a decline compared to the previous value of 7.46 percent. Historically, the average for Peru from December 2001 to May 2025 is 10.09 percent. The minimum of 6.6 percent was recorded in March 2022, while the maximum of 17.65 percent was reached in March 2002. | TheGlobalEconomy.com

Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: 12 to 20 Years data was reported at 3.577 % pa in Jan 2018. This records an increase from the previous number of 3.479 % pa for Dec 2017. Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: 12 to 20 Years data is updated monthly, averaging 4.937 % pa from Dec 2000 (Median) to Jan 2018, with 206 observations. The data reached an all-time high of 8.679 % pa in Jan 2001 and a record low of 3.150 % pa in Jul 2017. Chile Mortgage Rate: Mortgage Loan: Endorsable: Term: 12 to 20 Years data remains active status in CEIC and is reported by Financial Market Commission. The data is categorized under Global Database’s Chile – Table CL.M008: Mortgage Rate.

Mortgage credit interest rate, percent in South Korea, April, 2025 The most recent value is 3.98 percent as of April 2025, a decline compared to the previous value of 4.17 percent. Historically, the average for South Korea from September 2001 to April 2025 is 4.54 percent. The minimum of 2.39 percent was recorded in August 2020, while the maximum of 7.58 percent was reached in October 2008. | TheGlobalEconomy.com

Mortgage Rate in Australia decreased to 5.84 percent in May from 5.98 percent in April of 2025. This dataset includes a chart with historical data for Australia Mortgage Rate.

Bank Lending Rate in Bolivia increased to 6.68 percent in May from 6.50 percent in April of 2025. This dataset provides the latest reported value for - Bolivia Bank Lending Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Global Financial Crisis of 2008-09 was a period of severe macroeconomic instability for the United States and the global economy more generally. The crisis was precipitated by the collapse of a number of financial institutions who were deeply involved in the U.S. mortgage market and associated credit markets. Beginning in the Summer of 2007, a number of banks began to report issues with increasing mortgage delinquencies and the problem of not being able to accurately price derivatives contracts which were based on bundles of these U.S. residential mortgages. By the end of 2008, U.S. financial institutions had begun to fail due to their exposure to the housing market, leading to one of the deepest recessions in the history of the United States and to extensive government bailouts of the financial sector.

Subprime and the collapse of the U.S. mortgage market

The early 2000s had seen explosive growth in the U.S. mortgage market, as credit became cheaper due to the Federal Reserve's decision to lower interest rates in the aftermath of the 2001 'Dot Com' Crash, as well as because of the increasing globalization of financial flows which directed funds into U.S. financial markets. Lower mortgage rates gave incentive to financial institutions to begin lending to riskier borrowers, using so-called 'subprime' loans. These were loans to borrowers with poor credit scores, who would not have met the requirements for a conventional mortgage loan. In order to hedge against the risk of these riskier loans, financial institutions began to use complex financial instruments known as derivatives, which bundled mortgage loans together and allowed the risk of default to be sold on to willing investors. This practice was supposed to remove the risk from these loans, by effectively allowing credit institutions to buy insurance against delinquencies. Due to the fraudulent practices of credit ratings agencies, however, the price of these contacts did not reflect the real risk of the loans involved. As the reality of the inability of the borrowers to repay began to kick in during 2007, the financial markets which traded these derivatives came under increasing stress and eventually led to a 'sudden stop' in trading and credit intermediation during 2008.

Market Panic and The Great Recession

As borrowers failed to make repayments, this had a knock-on effect among financial institutions who were highly leveraged with financial instruments based on the mortgage market. Lehman Brothers, one of the world's largest investment banks, failed on September 15th 2008, causing widespread panic in financial markets. Due to the fear of an unprecedented collapse in the financial sector which would have untold consequences for the wider economy, the U.S. government and central bank, The Fed, intervened the following day to bailout the United States' largest insurance company, AIG, and to backstop financial markets. The crisis prompted a deep recession, known colloquially as The Great Recession, drawing parallels between this period and The Great Depression. The collapse of credit intermediation in the economy lead to further issues in the real economy, as business were increasingly unable to pay back loans and were forced to lay off staff, driving unemployment to a high of almost 10 percent in 2010. While there has been criticism of the U.S. government's actions to bailout the financial institutions involved, the actions of the government and the Fed are seen by many as having prevented the crisis from spiraling into a depression of the magnitude of The Great Depression.

Despite a short period of decrease after the burst of the U.S. housing bubble and the global financial crisis, the total amount of mortgage debt in the United States has been on the rise in recent years. In 2024, the mortgage debt amounted to 20.83 trillion U.S. dollars, up from 13.5 trillion U.S. dollars a decade ago. Which factors impact the amount of mortgage debt? One of the most important factors responsible for the growth of mortgage debt is the number of home sales: The more home transactions, the more mortgages are sold, adding to the volume of debt outstanding. Additionally, as house prices increase, so does the gross lending and debt outstanding. On the other hand, high numbers of housing unit foreclosures and mortgage debt restructuring and short-sales can reduce mortgage debt. Which property type has the largest share of the mortgage market? The total mortgage debt includes different property types, such as one-to-four family residential, multifamily residential, commercial, and farm, but the overwhelming share of debt can be attributed to mortgage debt one-to-four family residences.

Lending Rate in Mozambique remained unchanged at 18 percent in June. This dataset provides - Mozambique Lending Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Delinquency Rate on Single-Family Residential Mortgages, Booked in Domestic Offices, All Commercial Banks (DRSFRMACBS) from Q1 1991 to Q1 2025 about domestic offices, delinquencies, 1-unit structures, mortgage, family, residential, commercial, domestic, banks, depository institutions, rate, and USA.

This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...).

Mortgage Originations in the United States decreased to 425.63 Billion USD in the first quarter of 2025 from 465.35 Billion USD in the fourth quarter of 2024. This dataset includes a chart with historical data for the United States Mortgage Originations.

Abstract copyright UK Data Service and data collection copyright owner.

The Survey of Mortgage Lenders (SML) was launched on 1st April 1992 to succeed the 5% Sample Survey of Building Society Mortgage Completions (BSM) (See GN:33191). The aims were to improve the survey in three principal ways:
a) to broaden the range of institutions surveyed to incorporate other mortgage lenders in addition to building societies and Abbey National. With the entry of the high street banks and then the centralised lenders into the mortgage market, information provided by the building societies no longer represented the whole market in the way it did when the BSM was set up in the 1960s.
b) to extend its coverage to include further advances, remortgages and top-up loans in addition to first mortgages.
c) to increase the level of detail on the questionnaire especially with respect to the characteristics of the mortgage loan.
An important consideration for users of the data is that the SML figures allow continuity with the BSM survey results to be maintained for a reasonable period.
Main Topics:
Financial institution code, date mortgage completed, whether dwelling is wholly or partly occupied by borrower. Mortgage amount, type of advance, whether solely for purchase of property, period of mortgage, gross rate of interest, whether the interest charged is fixed or variable rate, whether interest payments are discounted or deferred, repayment method, source of mortgage business, purchase price and whether discounted in any way, location of dwelling, whether new, age of dwelling, type of dwelling, number of habitable rooms, number, sex and age of borrowers, basic income of main borrower, other income and total income on which mortgage is based, whether applicant previously owner occupier, previous tenure.

Guinea: Interest rates on bank credit to the private sector: The latest value from 2001 is 12.88 percent, a decline from 19.38 percent in 2000. In comparison, the world average is 18.03 percent, based on data from 114 countries. Historically, the average for Guinea from 1986 to 2001 is 19.7 percent. The minimum value, 12.88 percent, was reached in 2001 while the maximum of 27 percent was recorded in 1992.

Graph and download economic data for Bank Prime Loan Rate Changes: Historical Dates of Changes and Rates (PRIME) from 1955-08-04 to 2024-12-20 about prime, loans, interest rate, banks, interest, depository institutions, rate, and USA.

Key information about Bolivia Bank Lending Rate

• Bolivia Bank Lending Rate was reported at 8.461 % pa in Feb 2025.
• This records an increase from the previous number of 8.272 % pa for Jan 2025.
• Bolivia Bank Lending Rate data is updated monthly, averaging 9.625 % pa from Jan 2001 to Feb 2025, with 290 observations.
• The data reached an all-time high of 26.794 % pa in May 2003 and a record low of 5.470 % pa in May 2020.
• Bolivia 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: Monthly.

The Central Bank of Bolivia provides monthly Bank Lending Rate.

Ireland Consumer Price Index (CPI): Housing Costs: Mortgage Interest data was reported at 178.900 Dec2001=100 in Dec 2006. This records an increase from the previous number of 177.200 Dec2001=100 for Nov 2006. Ireland Consumer Price Index (CPI): Housing Costs: Mortgage Interest data is updated monthly, averaging 107.100 Dec2001=100 from Jan 2002 (Median) to Dec 2006, with 59 observations. The data reached an all-time high of 178.900 Dec2001=100 in Dec 2006 and a record low of 91.000 Dec2001=100 in Jul 2003. Ireland Consumer Price Index (CPI): Housing Costs: Mortgage Interest data remains active status in CEIC and is reported by Central Statistics Office of Ireland. The data is categorized under Global Database’s Ireland – Table IE.I008: Consumer Price Index: Dec2001=100.