New Zealand: Mortgage credit interest rate

* indicates monthly or quarterly data series
 New Zealand

Mortgage credit interest rate, percent

 Latest value 7.48
 Reference April 2024
 Measure percent
 Data availability December 2004 - April 2024
 Average 6.38
 Min - Max 3.64 - 9.81
 Source Reserve Bank of New Zealand
For that indicator, we provide data for New Zealand from December 2004 to April 2024. The average value for New Zealand during that period was 6.38 percent with a minimum of 3.64 percent in February 2021 and a maximum of 9.81 percent in April 2008. Click on the following link to see the values of Mortgage credit interest rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
New Zealand - Mortgage credit interest rate - recent values

Historical chart
New Zealand - Mortgage credit interest rate - historical chart - 2004-2024
Measure: percent
Source: Reserve Bank of New Zealand


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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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 Deposit interest rate 5.85 9/2023 percent
 Business credit interest rate 7.88 9/2023 percent
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 Household debt to GDP 91.40 9/2023 percent
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