German mortgage rates hit highest level since 2009

NAMPA / DPA

2026-10-20

Munich (dpa) - Mortgage rates in Germany have reached their highest level since 2009 as inflation and interest rate increases triggered by the Iran war weigh on homebuyers and the construction industry. The average interest rate on 10-year home loans has climbed to around 4.5%, up from 3.9% in May, according to mortgage broker Interhyp. The increase has pushed rates above their previous peak of just around 4.4% in late 2023, with borrowing costs......

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