Annual average interest rate on new mortgage loans in Germany 2007-2023

Published by Statista Research Department, Oct 10, 2024

The annual average interest rate on new residential loans in Germany generally decreased between 2007 and 2023, with some fluctuation. It declined from 5.09 percent in 2007 to 1.26 percent in 2021. In 2023, it significantly rose to four percent, the highest rate recorded since 2010. Nevertheless, this rate varied for different loan types, with floating mortgage rates being the most expensive as of October 2023.

Annual average interest rate on new residential mortgage loans in Germany from 2007 to 2023

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Release date

August 2024

Region

Germany

Survey time period

2007 to 2023

Supplementary notes

Representative interest rates include six main types:

Weighted average interest rate on loans to households for house purchase.
Initial fixed period interest rate up to 1 year on loans for house purchase.
Initial fixed period interest rate over 1 and up to 5 years on loans for house purchase.
Initial fixed period interest rate over 5 and up to 10 years on loans for house purchase.
Initial fixed period interest rate of over 10 years on loans for house purchase.
Other.

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