Annual average interest rate on new mortgage loans in Spain 2006-2022
The annual average interest rate on new residential loans in Spain increased in for the first time in 2022 after a 10-year-long period of year-on-year decrease. In 2022, the average mortgage rate was 1.96 percent, up from 1.49 percent the year before. Despite the increase, 2022 had the third-lowest interest rate.