New Zealand: Mortgage credit interest rate

* indicates monthly or quarterly data series
The most recent value is 6.77 percent as of September 2024, a decline compared to the previous value of 6.88 percent. Historically, the average for New Zealand from December 2004 to September 2024 is 6.4 percent. The minimum of 3.64 percent was recorded in February 2021, while the maximum of 9.81 percent was reached in April 2008. Click on the following link to see the values of: Mortgage credit interest rate around the world.
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* indicates monthly or quarterly data series

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Recent values New Zealand: Mortgage credit interest rate, percent
2024  Sep 6.77
2024  Aug 6.88
2024  Jul 7.29
2024  Jun 7.45
2024  May 7.45
2024  Apr 7.48
2024  Mar 7.5
2024  Feb 7.55


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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.

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 Money supply (broad money) 417.10 9/2024 billion
 Consumer Price Index (CPI) 1,280.0000 Q3/2024 index points
 Inflation, monthly 0.63 Q3/2024 percent
 Inflation, annual 2.15 Q3/2024 percent
 Private sector credit 551.54 9/2024 billion
 Business credit 277.12 9/2024 billion
 Household credit 274.42 9/2024 billion
 Mortgage credit 266.85 9/2024 billion
 Consumer credit 7.57 9/2024 billion
 Deposit interest rate 5.67 9/2024 percent
 Business credit interest rate 7.65 9/2024 percent
 Mortgage credit interest rate 6.77 9/2024 percent
 Policy rate 4.75 10/2024 percent
 Household debt to GDP 91.30 3/2024 percent
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