In 2022, Portugal overturned the sinking mortgage interest rate it had gone through during the coronavirus (COVID-19) pandemic. The country did not escape from the overall trend of falling mortgage interest rates observed in Europe during the COVID-19 crisis, which positioned national mortgage interest rates at **** percent in the fourth quarter of 2021. Interest rates as a weapon against inflation Even though interest rates are affected by economic growth, monetary policies, the bond market, the stability of lenders, and the overall conditions of the housing market, inflation currently leads the European Central Bank (ECB)’s decisions regarding them. As inflation had been low in Europe since the 2008 financial crisis, the ECB lowered interest rates in an attempt to promote economic growth. However, the economic difficulties brought up by the coronavirus pandemic and the Russian-Ukrainian war have fueled inflation. To counteract this rise, the ECB increased interest rates. Portugal’s abrupt rise in interest rates on new residential loans from **** percent in 2021 to **** percent in 2023 demonstrates the balanced and calculated act between the two financial indices. High interest rates and low mortgage lending Compared to other European nations, Portugal has a low gross residential mortgage lending. In the third and fourth quarters of 2022, mortgage lending decreased in the country due to rising interest rates and worsening economic conditions, but have increased dramatically until 2024. Despite being in a rising trajectory in terms of outstanding residential mortgage lending since the second quarter of 2021, 2023 registered decreasing figures caused by the same economic contingencies. 2024 shows a different trend, however.

In the United States, interest rates for all mortgage types started to increase in 2021. This was due to the Federal Reserve introducing a series of hikes in the federal funds rate to contain the rising inflation. In the fourth quarter of 2024, the 30-year fixed rate rose slightly, to **** percent. Despite the increase, the rate remained below the peak of **** percent in the same quarter a year ago. Why have U.S. home sales decreased? Cheaper mortgages normally encourage consumers to buy homes, while higher borrowing costs have the opposite effect. As interest rates increased in 2022, the number of existing homes sold plummeted. Soaring house prices over the past 10 years have further affected housing affordability. Between 2013 and 2023, the median price of an existing single-family home risen by about ** percent. On the other hand, the median weekly earnings have risen much slower. Comparing mortgage terms and rates Between 2008 and 2023, the average rate on a 15-year fixed-rate mortgage in the United States stood between **** and **** percent. Over the same period, a 30-year mortgage term averaged a fixed-rate of between **** and **** percent. Rates on 15-year loan terms are lower to encourage a quicker repayment, which helps to improve a homeowner’s equity.

The FCA and the Prudential Regulatory Authority (PRA) both have responsibility for the regulation of mortgage lenders and administrators. They jointly publish the mortgage lending statistics every quarter. Since the beginning of 2007, around 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, providing data on their mortgage lending activities. ##Latest findings## * The outstanding value of all residential mortgage loans was £1,630.5 billion at the end of 2022 Q1, 4.4% higher than a year earlier. * The value of gross mortgage advances in 2022 Q1 was £76.9 billion, which was £6.7 billion greater than the previous quarter, but 7.5% lower than in 2021 Q1. * The value of new mortgage commitments (lending agreed to be advanced in the coming months) in 2022 Q1 was 6.7% greater than the previous quarter and 6.6% greater than a year earlier, at £82.5 billion.

The costs of all mortgage types in the United States increased since 2019, and as of the third quarter of 2022, the median total cost of a FHA mortgage stood at almost 11,000 U.S. dollars. Conventional conforming mortgage loans had the lowest costs at less than 6,000 U.S. dollars. Loan costs include any costs connected to the loan, such as taxes, assessments, fees, and insurance premiums.

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.

The FCA and the Prudential Regulatory Authority (PRA) both have responsibility for the regulation of mortgage lenders and administrators. They jointly publish the mortgage lending statistics every quarter. Since the beginning of 2007, around 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, providing data on their mortgage lending activities. ##Latest findings * The outstanding value of all residential mortgage loans was £1,675.4 billion at the end of 2023 Q1, 2.7% higher than a year earlier, but a decrease on the previous quarter for the first time since 2017 Q2. * The value of gross mortgage advances in 2023 Q1 was £58.8 billion, which was £22.9 billion lower than the previous quarter, and 23.6% lower than in 2022 Q1. This was the lowest observed since 2020 Q2. * The value of new mortgage commitments (lending agreed to be advanced in the coming months) in 2023 Q1 was 16.1% less than the previous quarter and 40.7% less than a year earlier, at £48.9 billion. This was also the lowest observed since 2020 Q2.

In the fourth quarter of 2024, the average loan-to-value (LTV) ratio of mortgage loans for new-built and secondhand residential properties in Thailand was around **** percent. This indicated a slight decrease in the ratio compared to the previous year.

The FCA and the Prudential Regulatory Authority (PRA) both have responsibility for the regulation of mortgage lenders and administrators. They jointly publish the mortgage lending statistics every quarter. Since the beginning of 2007, around 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, providing data on their mortgage lending activities. ##Latest findings * The outstanding value of all residential mortgage loans increased by 1.2% from the previous quarter to £1,698.5 billion, and was 2.6% higher than a year earlier. * The value of gross mortgage advances increased by 12.8% from the previous quarter to £77.6 billion, the highest new advances since 2022 Q4, and was 50.4% higher than a year earlier. * The value of new mortgage commitments (lending agreed to be advanced in the coming months) decreased by 1.5% from the previous quarter to £68.2 billion, but remained 13.5% higher than a year earlier.

In the fourth quarter of 2024, the value of newly approved mortgage loans in Thailand amounted to approximately **** billion Thai baht. The loans for purchasing new-built and secondhand residential properties accounted for nearly ** billion Thai baht, while over ** billion Thai baht was secured for refinancing.

The FCA and the Prudential Regulatory Authority (PRA) both have responsibility for the regulation of mortgage lenders and administrators. They jointly publish the mortgage lending statistics every quarter. Since the beginning of 2007, around 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, providing data on their mortgage lending activities. ##Latest findings * The outstanding value of all residential mortgage loans was £1,675.8 billion at the end of 2022 Q4, 3.9% higher than a year earlier. * The value of gross mortgage advances in 2022 Q4 was £81.6 billion, which was £4.3 billion lower than the previous quarter, but 16.3% higher than in 2021 Q4. * The value of new mortgage commitments (lending agreed to be advanced in the coming months) in 2022 Q4 was 33.5% less than the previous quarter and 24.5% less than a year earlier, at £58.4 billion. If the onset of the Covid-19 pandemic and period immediately thereafter is excluded, this was the lowest observed since 2015 Q1.

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.

As of the first quarter of 2025, small and medium enterprises (SMEs) loans decreased by more than **** percent compared to the same period in the previous year. The growth and slight fluctuations in SME loans were primarily the result of the rehabilitation credit scheme, done through credit assistance and debt restructuring. Micro, small, and medium enterprises (MSMEs) financing in Thailand MSMEs can seek funding mainly from commercial banks. Most of the leading commercial banks in Thailand have lending schemes specifically designed for small businesses. These schemes let firms with a certain level of capital apply for different types of loans depending on the availability of collateral and their preferred installment period. Furthermore, MSMEs may also acquire loans from other financial institutions, such as thrift and credit union cooperatives. The business value for thrift cooperatives and credit union cooperatives mainly comprises credit services from business and personal accounts, acting as a community-level accessible financial institution compared to commercial banks. Growth potential for MSMEs in Thailand   Access to funding and financial support for MSMEs in Thailand has provided a solid foundation to facilitate a firm’s daily operations. According to the potential growth index for MSMEs, these firms have little to no likelihood of relying on informal loans, preventing potential financial issues from faulty lenders. MSMEs have also managed to maintain a loyal customer base, which is one of the leading growth factors for their businesses. However, MSME entrepreneurs in Thailand still need support in terms of business training since many still operate without skilled staff, business knowledge, or resources.

Graph and download economic data for Charge-Off Rate on Business Loans, All Commercial Banks (CORBLACBS) from Q1 1985 to Q1 2025 about charge-offs, commercial, business, loans, banks, depository institutions, industry, rate, and USA.

The FCA and the Prudential Regulatory Authority (PRA) both have responsibility for the regulation of mortgage lenders and administrators. They jointly publish the mortgage lending statistics every quarter. Since the beginning of 2007, around 340 regulated mortgage lenders and administrators have been required to submit a Mortgage Lending and Administration Return (MLAR) each quarter, providing data on their mortgage lending activities. ##Latest findings * The outstanding value of all residential mortgage loans increased by 0.6% from the previous quarter to £1,670.9 billion, the highest stock of outstanding mortgage loans since 2023 Q1, and was 0.8% higher than a year earlier. * The value of gross mortgage advances increased by 8.9% from the previous quarter to £65.5 billion, the highest new advances since 2022 Q4, and was 6.7% higher than a year earlier. * The value of new mortgage commitments (lending agreed to be advanced in the coming months) decreased by 1.3% from the previous quarter to £66.0 billion, but remained 34.2% higher than a year earlier.

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.

In the fourth quarter of 2024, the value of outstanding mortgage loans in Thailand amounted to around *** trillion Thai baht. In the same period, the number of new mortgage loan accounts to purchase new and secondhand residential properties in the country reached over ****** accounts.

As of the third quarter of 2024, the value of mortgage loans provided by non-bank depository corporations in South Korea was approximately *** trillion South Korean won. While this marks a slight increase from the previous year, the overall trend has been declining.

As of the first quarter of 2025, consumer loans in Thailand declined by more than *** percent, indicating a decrease compared to the previous quarter. The growth of consumer loans has fluctuated post-COVID-19 pandemic.