Mortgage Interest Rate

Oceania Ranking

percentSource: IMF
Current Rank
Country
Value
Latest Reading
Previous Rank
Previous Value
1Vanuatu16.2512-2022113.25
2Tonga8.16-202228.1
3Australia7.597-202337.17
4New Zealand7.337-202347.14

Definition of Mortgage Interest Rate

The mortgage credit interest rate is the average interest rate on mortgage loan products offered to individuals and households by the commercial banks in the country. The mortgage credit is a loan used to finance the purchase of real estate.

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