Countries by Mortgage Interest Rate, 2026
Countries by Mortgage Interest Rate, 2026
This ranking compares confirmed country entries by the latest displayed residential mortgage interest rate in a 2026 snapshot. The unit is percent per annum, and the ranking direction is descending: a higher value indicates a higher nominal mortgage-credit cost for borrowers.
The table is a compiled research dataset based on Global Property Guide’s May 2026 mortgage-rate comparison and row-level official national source names shown on the relevant country tracker pages. Only countries whose tracker identifies a central bank or national monetary authority as the visible source are included.
Coverage is limited to 12 confirmed official-source rows. Argentina is not included in this corrected version because the visible tracker source is not a national official source. No missing countries are estimated, averaged or modeled. The table contains official values only; there are no official forecasts and no modeled projections.
Turkey leads the corrected official-source table.
Peru is the lowest row in this confirmed 12-country subset.
Rows are limited to countries with visible official national source names.
official_value / official_forecast / modeled_projection.
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Overview
Mortgage interest rates are a borrower-facing indicator of the cost of housing credit. They are shaped by monetary policy, inflation, bank funding costs, household credit risk, currency conditions, fixed-versus-variable loan structure and local mortgage-market depth.
The corrected table deliberately prioritizes source integrity over table size. It does not reproduce every country from the broader comparison because several rows require additional primary-source verification before they can be safely marked as official values. This version therefore uses a smaller but cleaner confirmed dataset with real source names inside the ranking table.
Top 10 confirmed official-source countries
The top ten are led by Turkey, followed by Georgia, the Dominican Republic, Mexico, Brazil, South Africa and Kazakhstan. The group is not presented as a global Top 100 or a complete global table. It is a confirmed official-source subset where each row has a visible national monetary authority or central-bank source name.
| Rank | Country | Rate | Source / Method Note |
|---|---|---|---|
| 1 | Turkey | 36.24% | official_value Source: Central Bank of the Republic of Turkey; latest displayed GPG May 2026 comparison value; target year: 2026 snapshot. |
| 2 | Georgia | 11.85% | official_value Source: National Bank of Georgia; latest displayed GPG May 2026 comparison value; target year: 2026 snapshot. |
| 3 | Dominican Republic | 11.71% | official_value Source: Banco Central de la República Dominicana; latest displayed GPG May 2026 comparison value; target year: 2026 snapshot. |
| 4 | Mexico | 11.45% | official_value Source: Banco de México; latest displayed GPG May 2026 comparison value; target year: 2026 snapshot. |
| 5 | Brazil | 10.71% | official_value Source: Banco Central do Brasil; latest displayed GPG May 2026 comparison value; target year: 2026 snapshot. |
| 6 | South Africa | 10.25% | official_value Source: South African Reserve Bank; latest displayed GPG May 2026 comparison value; target year: 2026 snapshot. |
| 7 | Kazakhstan | 10.00% | official_value Source: National Bank of Kazakhstan; latest displayed GPG May 2026 comparison value; target year: 2026 snapshot. |
| 8 | Ukraine | 8.66% | official_value Source: National Bank of Ukraine; latest displayed GPG May 2026 comparison value; target year: 2026 snapshot. |
| 9 | Moldova | 8.03% | official_value Source: National Bank of Moldova; latest displayed GPG May 2026 comparison value; target year: 2026 snapshot. |
| 10 | Costa Rica | 7.90% | official_value Source: Banco Central de Costa Rica; latest displayed GPG May 2026 comparison value; target year: 2026 snapshot. |
Top N equals confirmed source rows. The full confirmed table below has 12 rows, not 59 or 100.
Chart: Top 12 confirmed mortgage interest rates
The confirmed subset ranges from Turkey’s 36.24% to Peru’s 7.50%. Turkey is the clear outlier in this official-source subset; most other confirmed rows sit between 7.5% and 12%.
Methodology
The metric is the latest displayed residential mortgage interest rate, expressed as percent per annum. The ranking is sorted in descending order because higher rates represent a higher nominal borrowing cost for residential mortgage credit.
The target year is a 2026 snapshot. Values come from Global Property Guide’s May 2026 mortgage-rate comparison, but inclusion in this corrected table requires a visible country tracker source naming an official national monetary authority or central bank. The row source shown in the table is the official institution identified for that country’s mortgage-rate series.
- Inclusion rule: a country is included only when the source trail contains country name, value, unit, target year, status, official national source name, region and method note.
- Exclusion rule: countries without a visible official national source name are excluded. Argentina is excluded from this corrected version because the visible tracker source is not a national official source.
- Status rule: every included row is marked official_value. No row is an official forecast or modeled projection.
- Conflict rule: conflicting values from other aggregators are not averaged. This table uses one comparison snapshot and discloses the official source name shown for each country tracker.
- Rounding: values are shown to two decimals as displayed in the comparison snapshot.
- Limit: mortgage-rate definitions are not identical across countries. Some series refer to fixed mortgage rates, some to average housing-loan rates, some to long-term mortgage rates and some to national-currency mortgage products. The table is suitable for directional comparison, not for choosing a specific loan product.
The metric does not measure total housing affordability. Mortgage rates should be interpreted together with home prices, down-payment rules, taxes, household incomes, inflation, currency risk and credit standards.
Full ranking: 12 confirmed official-source countries
The table below contains all confirmed rows in this corrected version. The controls filter and sort only rows already written in the HTML table.
| Rank | Country | Rate | Source / Method Note |
|---|---|---|---|
| 1 | Turkey | 36.24% | official_value Central Bank of the Republic of Turkey; latest displayed GPG May 2026 comparison value; target year 2026. |
| 2 | Georgia | 11.85% | official_value National Bank of Georgia; latest displayed GPG May 2026 comparison value; target year 2026. |
| 3 | Dominican Republic | 11.71% | official_value Banco Central de la República Dominicana; latest displayed GPG May 2026 comparison value; target year 2026. |
| 4 | Mexico | 11.45% | official_value Banco de México; latest displayed GPG May 2026 comparison value; target year 2026. |
| 5 | Brazil | 10.71% | official_value Banco Central do Brasil; latest displayed GPG May 2026 comparison value; target year 2026. |
| 6 | South Africa | 10.25% | official_value South African Reserve Bank; latest displayed GPG May 2026 comparison value; target year 2026. |
| 7 | Kazakhstan | 10.00% | official_value National Bank of Kazakhstan; latest displayed GPG May 2026 comparison value; target year 2026. |
| 8 | Ukraine | 8.66% | official_value National Bank of Ukraine; latest displayed GPG May 2026 comparison value; target year 2026. |
| 9 | Moldova | 8.03% | official_value National Bank of Moldova; latest displayed GPG May 2026 comparison value; target year 2026. |
| 10 | Costa Rica | 7.90% | official_value Banco Central de Costa Rica; latest displayed GPG May 2026 comparison value; target year 2026. |
| 11 | Hungary | 7.66% | official_value Magyar Nemzeti Bank; latest displayed GPG May 2026 comparison value; target year 2026. |
| 12 | Peru | 7.50% | official_value Banco Central de Reserva del Perú; latest displayed GPG May 2026 comparison value; target year 2026. |
Rows without a visible official national source name were not included. JavaScript only filters, sorts and hides existing rows; it does not create table rows.
Insights
Turkey is the clear outlier in the confirmed subset, with a rate more than three times the next confirmed value.
Most confirmed entries cluster between 7.5% and 12%, showing a high-rate but less extreme group below Turkey.
Latin America has five confirmed rows in this subset: Dominican Republic, Mexico, Brazil, Costa Rica and Peru.
Turkey’s 36.24% rate changes the shape of the chart; without it, the confirmed group is much more compact.
What It Means
A higher mortgage interest rate usually means higher monthly debt-service costs for a given loan size. For households, that can reduce purchasing power or push buyers toward smaller homes, larger down payments, shorter loan amounts or delayed purchases.
The table should not be read as a direct offer comparison. Countries differ in mortgage maturity, currency, fixed-rate availability, subsidized programs, bank margins, loan-to-value rules and borrower eligibility. A lower rate does not automatically mean cheaper housing if home prices and incomes are unfavorable.
For analysts, this corrected table is most useful as a source-disciplined snapshot. It shows where official-source mortgage-rate entries are high, while avoiding the false precision of a larger table whose row-level sources have not been confirmed.
FAQ
Why does this version have only 12 countries?
The previous 59-country table contained rows whose original national source was not fully visible or independently documented in the article. This corrected version keeps only rows where the country tracker shows an official national monetary authority or central bank as the source.
Why is Argentina excluded?
Argentina had the highest value in the broader comparison, but the visible tracker source was not a national official source. Under the stricter data rule used here, it is excluded rather than labeled as official_value without sufficient row-level source support.
What does official_value mean here?
It means the row uses a published comparison value whose country tracker identifies a national central bank or monetary authority as the source of the mortgage-rate series. The value is not a forecast and not a modeled projection.
Are all countries measured with the exact same mortgage product?
No. Mortgage-rate series differ by country. Some refer to average housing-loan rates, some to fixed rates, some to long-term mortgage rates and some to national-currency products. The ranking is useful for directional comparison but not for direct product selection.
Why not average several sources?
Conflicting values are not averaged because different sources may measure different mortgage products, loan maturities, currencies or reporting periods. The table uses a single snapshot and discloses the source trail for each included row.
Does a high mortgage rate mean housing is unaffordable?
Not by itself. Housing affordability also depends on home prices, incomes, down-payment rules, taxes, bank lending standards, inflation and household balance sheets.
Are there forecasts or projections in this table?
No. All 12 rows are marked official_value. There are no official_forecast rows and no modeled_projection rows.
Sources
Global Property Guide
Used as the May 2026 comparison snapshot and country tracker index. Rows are included only when the country page shows an official national source name.
Central Bank of the Republic of Turkey
Official source named for Turkey’s average housing-loan interest-rate series.
Banco Central de la República Dominicana
Official source named for the Dominican Republic mortgage-rate series.
Banco Central do Brasil
Official source named for Brazil’s earmarked mortgage-rate series.
South African Reserve Bank
Official source named for South Africa’s mortgage-rate series.
National Bank of Kazakhstan
Official source named for Kazakhstan’s long-term mortgage-rate series.
National Bank of Ukraine
Official source named for Ukraine’s weighted-average secondary-market mortgage-rate series.
National Bank of Moldova
Official source named for Moldova’s weighted-average nominal mortgage-rate series.
Banco Central de Costa Rica
Official source named for Costa Rica’s national-currency mortgage-rate series.
Magyar Nemzeti Bank
Official source named for Hungary’s annualised percentage-rate series for house-purchase loans.
Banco Central de Reserva del Perú
Official source named for Peru’s active mortgage interest-rate series.
