Latvia: Mortgage credit interest rate
* indicates monthly or quarterly data series
The most recent value is 7.75 percent as of September 2024, a decline compared to the previous value of 7.79 percent. Historically, the average for Latvia from January 2004 to September 2024 is 5.43 percent. The minimum of 2.95 percent was recorded in November 2013, while the maximum of 13.63 percent was reached in March 2009.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Latvia
| Recent values | Latvia: Mortgage credit interest rate, percent |
|---|---|
| 2024 Sep | 7.75 |
| 2024 Aug | 7.79 |
| 2024 Jul | 7.76 |
| 2024 Jun | 7.75 |
| 2024 May | 7.85 |
| 2024 Apr | 7.83 |
| 2024 Mar | 7.84 |
| 2024 Feb | 7.87 |
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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 | 8.9 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 0.9409 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 20.59 | 9/2024 | billion |
| Consumer Price Index (CPI) | 146.0900 | 11/2024 | index points |
| Inflation, monthly | 0.12 | 11/2024 | percent |
| Inflation, annual | 2.30 | 11/2024 | percent |
| Private sector credit | 11.06 | 9/2024 | billion |
| Business credit | 5.01 | 9/2024 | billion |
| Household credit | 6.05 | 9/2024 | billion |
| Mortgage credit | 4.97 | 9/2024 | billion |
| Consumer credit | 1.08 | 9/2024 | billion |
| Deposit interest rate | 3.04 | 4/2024 | percent |
| Business credit interest rate | 6.21 | 9/2024 | percent |
| Mortgage credit interest rate | 7.75 | 9/2024 | percent |