United Kingdom Mortgage Rate
Price
Price
6.6 %
Change +/-
+0 %
Percentage Change
+0.00 %
The current value of the Mortgage Rate in United Kingdom is 6.6 %. The Mortgage Rate in United Kingdom decreased to 6.6 % on 6/1/2026, after it was 6.6 % on 5/1/2026. From 1/1/1995 to 6/1/2026, the average GDP in United Kingdom was 5.80 %. The all-time high was reached on 9/1/1998 with 8.87 %, while the lowest value was recorded on 11/1/2021 with 3.59 %.
The current value of Mortgage Rate in United Kingdom is 6.6%. Mortgage Rate in United Kingdom decreased to 6.6% from 6.6%.Mortgage Rate in United Kingdom averaged 5.80% from 1/1/1995 until 6/1/2026.The all-time high was 8.87% (9/1/1998)and the record low was 3.59% (11/1/2021).
Mortgage Rate
Mortgage Rate
3 Years
5 Years
10 Years
25 Years
Max
Mortgage Rate History
| Date | Value |
|---|---|
| 6.6 % | |
| 6.6 % | |
| 6.6 % | |
| 6.6 % | |
| 6.59 % | |
| 6.62 % | |
| 6.77 % | |
| 6.81 % | |
| 6.81 % | |
| 6.8 % |
Similar Macro Indicators to Mortgage Rate
Average House Prices
Monthly
Construction Contracts
Quarter
Construction Output
Monthly
Construction PMI
Monthly
Home Price Index MoM
Monthly
Homeownership Rate
Annually
Housing Index
Monthly
Housing Price Index YoY
Monthly
Housing starts
Quarter
Mortgage approvals
Monthly
Mortgage loan
Monthly
National Housing Prices
Monthly
Nationwide Housing Prices MoM
Monthly
Nationwide Housing Prices YoY
Monthly
Price-Rent Ratio
Quarter
Private Rental Prices
Monthly
Residential property prices
Quarter
RICS Housing Price Balance
Monthly
Mortgage Rate
In the United Kingdom, the BBA Mortgage Rate refers to the end-of-month weighted average interest rate of UK monetary financial institutions (excluding the Central Bank) for sterling revert-to-rate mortgages provided to households. This rate is applied to mortgages priced at the standard variable rate.
Macro pages for other countries in Europe
What is Mortgage Rate?
Understanding Mortgage Rates: A Comprehensive Analysis At Eulerpool, we pride ourselves on offering precise, comprehensive, and easily digestible macroeconomic data crucial for financial professionals, investors, and the general populace. One of the most significant components of our macroeconomic offerings is our comprehensive analysis of mortgage rates. Mortgage rates, a pivotal element in the economic landscape, directly impact everything from the housing market to personal financial planning and the broader economy. Mortgage rates refer to the rate of interest charged on a mortgage loan. These rates are determined by various factors, including economic conditions, the policies of central banks, and competitive forces within the financial sector. Understanding mortgage rates requires a nuanced comprehension of these factors, as well as an awareness of how mortgage rates influence and are influenced by the broader economic environment. Mortgage rates are vital because they dictate the cost of borrowing for purchasing real estate. For individuals and families, mortgage rates determine how affordable buying a home will be and influence their decision-making process in terms of purchasing or renting. Lower mortgage rates generally make purchasing homes more affordable, potentially stimulating demand in the housing market. Conversely, higher mortgage rates make borrowing more expensive, which can dampen demand and lead to a slowdown in the housing sector. The central banks play a crucial role in determining mortgage rates through their monetary policies. In many countries, the central bank sets the base interest rate, which significantly influences mortgage rates. For instance, when a central bank lowers its base interest rate, borrowing becomes cheaper, encouraging spending and investment. This, in turn, often results in lower mortgage rates offered by commercial banks and lending institutions. Conversely, when the central bank raises the base interest rate to control inflation, mortgage rates generally rise, making borrowing more expensive and slowing down economic activity. However, it is not just the central bank's base rate that influences mortgage rates. The bond market also plays a significant role. In many countries, mortgage rates are closely tied to the yields on long-term government bonds. When bond yields rise, mortgage rates typically follow suit. This is because higher bond yields indicate a higher cost of borrowing for financial institutions, which is passed on to consumers in the form of higher mortgage rates. Economic indicators such as inflation, employment rates, and economic growth also impact mortgage rates. High inflation usually leads to higher mortgage rates as lenders need to compensate for the decreased purchasing power of future interest payments. On the other hand, low inflation generally results in lower mortgage rates. Similarly, strong economic growth and high employment levels typically exert upward pressure on mortgage rates as demand for credit increases. Conversely, during times of economic downturn or high unemployment, mortgage rates usually decrease as central banks and lenders seek to stimulate economic activity by making borrowing cheaper. Mortgage rates are also influenced by the individual characteristics of the borrower and the specifics of the mortgage product. Factors such as the borrower’s credit score, the size of the down payment, the length of the loan, and the type of interest (fixed or variable) can all affect the mortgage rate. Borrowers with higher credit scores typically receive lower interest rates because they are considered less risky. Larger down payments also usually result in lower rates, reflecting the reduced risk to the lender. Additionally, fixed-rate mortgages tend to have higher initial rates compared to variable-rate mortgages, which can fluctuate based on changes in broader interest rates. Interest rates can also be impacted by competitive forces within the lending industry. Banks and financial institutions often adjust their mortgage rates to attract customers, respond to competitors, or achieve their financial targets. This competitive dynamic can result in fluctuations in mortgage rates independent of broader economic factors. The impact of mortgage rates extends beyond individual borrowers and the housing market. Changes in mortgage rates can have widespread effects on the economy. For instance, low mortgage rates often lead to increased consumer spending and investment in housing, which can stimulate economic growth. Conversely, high mortgage rates can reduce disposable income for mortgage holders, leading to decreased consumer spending and potential slowdowns in economic activity. From an investment perspective, mortgage rates are critical. Real estate investors look closely at mortgage rates when making investment decisions. Low mortgage rates can make financing real estate investments more attractive, potentially increasing investment in the housing market. High mortgage rates, on the other hand, can deter investment due to higher financing costs. Another critical consideration is the international perspective. Mortgage rates can vary significantly from country to country, influenced by national economic conditions, government policies, and levels of competition within the mortgage industry. Understanding these differences is crucial for international investors and policymakers who need to navigate the complexities of global financial markets. In summary, mortgage rates are a fundamental economic variable with far-reaching implications. They are influenced by a complex interplay of factors, including central bank policies, bond market dynamics, economic indicators, borrower characteristics, and competitive forces within the lending industry. At Eulerpool, our goal is to provide clear, accurate, and timely data on mortgage rates to help our users make informed decisions. By understanding the factors that drive mortgage rates and their broad economic implications, individuals, businesses, and policymakers can better navigate the financial landscape. Whether you are a prospective homebuyer, an investor, or a financial professional, staying informed about mortgage rates is essential for making sound financial decisions.
Mortgage Rate United Kingdom — FAQ
What is the current Mortgage Rate in United Kingdom?
The current Mortgage Rate in United Kingdom is 6.6% as of 6/1/2026.
How has the Mortgage Rate in United Kingdom changed recently?
The Mortgage Rate in United Kingdom decreased from 6.6% (5/1/2026) to 6.6% (6/1/2026).
What is the all-time high for Mortgage Rate in United Kingdom?
The all-time high for Mortgage Rate in United Kingdom was 8.87%, recorded on 9/1/1998.
What is the all-time low for Mortgage Rate in United Kingdom?
The all-time low for Mortgage Rate in United Kingdom was 3.59%, recorded on 11/1/2021.
What is the historical average of Mortgage Rate in United Kingdom?
The historical average of Mortgage Rate in United Kingdom is 5.80%, calculated over the period from 1/1/1995 to 6/1/2026.
Where does the Mortgage Rate data for United Kingdom come from?
The Mortgage Rate data for United Kingdom is sourced from Bank of England and published on Eulerpool.
Key Figures
All Macro Indicators for United Kingdom
More tools & analysis
Free tools and market data from Eulerpool.
Screener
Screen 20,000+ stocks worldwide across 1,000,000+ data points.
Insider Tracker
Track insider buys and sells in real time.
Superinvestors
Track portfolios of the world's greatest investors
Dividend Calendar
Plan your passive income with dividend payout dates.
Earnings Calendar
All quarterly earnings results at a glance.
Economic Calendar
Economic events and data releases from 200+ countries.
Congress Tracker
STOCK Act disclosures from U.S. Congress members
Fear & Greed Index
Market Sentiment Indicator
Crypto Fear & Greed Index
Crypto Market Sentiment Indicator
Ideas
Curated stock lists by strategy, index, and country.
Sectors
Top stocks sorted by industry and sector.
Countries
Stock markets and top companies by country.
Strategy
Proven investment strategies with historical returns.
Index
Performance and composition of major stock indices.
Glossary
Comprehensive stock market dictionary for financial and stock terms
Blog
News, partnerships, and product announcements