Costa Rica: Mortgage credit interest rate
* indicates monthly or quarterly data series
The most recent value is 7.9 percent as of August 2024, an increase compared to the previous value of 7.89 percent. Historically, the average for Costa Rica from December 2001 to August 2024 is 13.82 percent. The minimum of 6.11 percent was recorded in May 2022, while the maximum of 26.28 percent was reached in August 2002.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of Costa Rica
| Recent values | Costa Rica: Mortgage credit interest rate, percent |
|---|---|
| 2024 Aug | 7.9 |
| 2024 Jul | 7.89 |
| 2024 Jun | 7.92 |
| 2024 May | 8.13 |
| 2024 Apr | 8.28 |
| 2024 Mar | 8.47 |
| 2024 Feb | 8.8 |
| 2024 Jan | 8.55 |
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Definition: 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.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 0.5 | 2023 | percent |
| USD exchange rate | 510.4432 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 15,671.91 | 9/2024 | billion |
| Consumer Price Index (CPI) | 108.8475 | 10/2024 | index points |
| Inflation, monthly | -0.44 | 10/2024 | percent |
| Inflation, annual | -0.79 | 10/2024 | percent |
| Private sector credit | 24,204.18 | 5/2024 | billion |
| Business credit | 12,539.23 | 5/2024 | billion |
| Household credit | 11,664.96 | 5/2024 | billion |
| Deposit interest rate | 6.06 | 8/2024 | percent |
| Mortgage credit interest rate | 7.90 | 8/2024 | percent |