# Composite cost of borrowing for house purchase

Monthly composite interest rate on new bank loans to households and non-profit institutions serving households for house purchase, in percent per year. Rates across initial rate fixation periods are combined using 24-month moving averages of new loan volumes.

## Key facts

- Latvia had the highest composite cost of borrowing for house purchase of 21 EU countries in August 2026, at 4.35%, and Malta the lowest, at 1.94%. Source: the European Central Bank.
- Published for 22 places, with figures from January 2003 to August 2026.
- Figures last updated on 2026-10-12.

- Indicator id: `ecb_housing_borrowing_cost`
- Unit: %
- Note: Annualised agreed rates or narrowly defined effective rates (AAR/NDER) measure interest and exclude fees and other charges. This ECB composite uses moving-average weights, while mortgage_interest_rate from Banco de España uses the volumes of the current month. The euro area aggregate has changing membership. Country histories start at different dates; values may be revised.
- Web page: https://invokely.ai/en/housing-borrowing-cost
- API: https://invokely.ai/api/v1/indicators/ecb_housing_borrowing_cost

## Rankings

- [EU countries](https://invokely.ai/rankings/housing-borrowing-cost/eu-countries.md) (21 places)