Mortgage credit interest rate, percent in New Zealand, January, 2020
For that indicator, Reserve Bank of New Zealand provides data for New Zealand from Q4 2004 to 2020. The average value for New Zealand during that period was 6.64 percent with a minimum of 4.65 percent in October 2019 and a maximum of 9.81 percent in April 2008.
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around the world.
* indicates monthly or quarterly data series
Source: Reserve Bank of New Zealand
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.