The annual average interest rate on new residential loans in Latvia rose for the first time in 2022 after more than 10 years of gradual decline. In 2023, the average mortgage rate saw a significant increase to almost 5.6 percent. In 2021, the rate was at its lowest, at 2.38 percent.
Annual average interest rate on new residential mortgage loans in Latvia from 2006 to 2023
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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European Mortgage Federation. (September 5, 2024). Annual average interest rate on new residential mortgage loans in Latvia from 2006 to 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/916145/annual-average-interest-rate-on-new-residential-loans-in-latvia/
European Mortgage Federation. "Annual average interest rate on new residential mortgage loans in Latvia from 2006 to 2023." Chart. September 5, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/916145/annual-average-interest-rate-on-new-residential-loans-in-latvia/
European Mortgage Federation. (2024). Annual average interest rate on new residential mortgage loans in Latvia from 2006 to 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/916145/annual-average-interest-rate-on-new-residential-loans-in-latvia/
European Mortgage Federation. "Annual Average Interest Rate on New Residential Mortgage Loans in Latvia from 2006 to 2023." Statista, Statista Inc., 5 Sep 2024, https://www.statista.com/statistics/916145/annual-average-interest-rate-on-new-residential-loans-in-latvia/
European Mortgage Federation, Annual average interest rate on new residential mortgage loans in Latvia from 2006 to 2023 Statista, https://www.statista.com/statistics/916145/annual-average-interest-rate-on-new-residential-loans-in-latvia/ (last visited November 21, 2024)
Annual average interest rate on new residential mortgage loans in Latvia from 2006 to 2023 [Graph], European Mortgage Federation, September 5, 2024. [Online]. Available: https://www.statista.com/statistics/916145/annual-average-interest-rate-on-new-residential-loans-in-latvia/
