German mortgage rates today | Housing loan rate history since 2003
Mortgage rates do not follow the policy rate but long-dated Bund yields — banks refinance property loans through covered bonds priced in the capital market. The rate shown is the effective annual rate on new business across all fixed-rate periods, as reported monthly by the Bundesbank to the ECB. It is a robust market average, not a headline teaser rate.
Germany mortgage rates (new housing loans)
3.95 %
German 10-year government bond yield
2.96 %
As of 2026-06-01 · series since 2003-01-01 (282 observations) · change vs previous +0.02.
All-time high5.48 %
All-time low1.16 %
Data starts2003-01-01
Frequencymonthly
History by year
| Year | Germany mortgage rates (new housing loans) | German 10-year government bond yield |
|---|---|---|
| 2026 | 3.95 | 2.96 |
| 2025 | 3.71 | 2.81 |
| 2024 | 3.57 | 2.18 |
| 2023 | 4.05 | 2.10 |
| 2022 | 3.52 | 2.08 |
| 2021 | 1.32 | -0.38 |
| 2020 | 1.16 | -0.62 |
| 2019 | 1.29 | -0.30 |
| 2018 | 1.85 | 0.19 |
| 2017 | 1.79 | 0.30 |
| 2016 | 1.66 | 0.25 |
| 2015 | 1.95 | 0.55 |
| 2014 | 2.13 | 0.59 |
| 2013 | 2.81 | 1.80 |
| 2012 | 2.79 | 1.30 |
| 2011 | 3.49 | 1.93 |
| 2010 | 3.60 | 2.91 |
| 2009 | 4.06 | 3.14 |
| 2008 | 4.89 | 3.05 |
| 2007 | 5.21 | 4.21 |
| 2006 | 4.73 | 3.77 |
| 2005 | 4.28 | 3.34 |
| 2004 | 4.53 | 3.58 |
| 2003 | 4.98 | 4.29 |
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