
South Africa: Mortgage credit interest rate
* indicates monthly or quarterly data series
The most recent value is 11.25 percent as of November 2024, a decline compared to the previous value of 11.5 percent. Historically, the average for South Africa from January 1965 to November 2024 is 12.76 percent. The minimum of 7 percent was recorded in January 1965, while the maximum of 24 percent was reached in September 1998.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: South African Reserve Bank
Recent values | South Africa: Mortgage credit interest rate, percent |
---|---|
2024  Nov | 11.25 |
2024  Oct | 11.5 |
2024  Sep | 11.5 |
2024  Aug | 11.75 |
2024  Jul | 11.75 |
2024  Jun | 11.75 |
2024  May | 11.75 |
2024  Apr | 11.75 |
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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 | 6.1 | 2023 | percent |
Exchange rate regimes | 7 | 2022 | index points |
USD exchange rate | 18.7227 | 1/2025 | Local Currency Units per USD |
Money supply (broad money) | 4,473.22 | 12/2024 | billion |
Consumer Price Index (CPI) | 116.1000 | 12/2024 | index points |
Inflation, monthly | 0.09 | 12/2024 | percent |
Inflation, annual | 3.02 | 12/2024 | percent |
Private sector credit | 4,456.15 | 12/2024 | billion |
Business credit | 2,267.09 | 12/2024 | billion |
Household credit | 2,189.06 | 12/2024 | billion |
Deposit interest rate | 8.97 | 9/2024 | percent |
Mortgage credit interest rate | 11.25 | 11/2024 | percent |
Policy rate | 7.75 | 12/2024 | percent |
Household debt to GDP | 34.30 | 6/2024 | percent |
Debt service ratios for private non-financial sector | 8.20 | Q2/2024 | percent |