Where are the eurozone's cheapest and highest mortgage rates?

Borrow to buy a home in Latvia today, and the bank will charge you 4.18%. Do the same in Malta, and you will pay 2.08%.

Same currency, same central bank, same stage of the interest-rate cycle, yet two eurozone households face mortgage costs that are worlds apart.

That gap — more than two percentage points between the cheapest and most expensive markets — is one of the most striking findings in the latest European Central Bank data on new home loans, covering April 2026.

Mortgage rates are cheaper in Southern Europe

The average eurozone mortgage rate stood at 3.43%, according to ECB figures, combining both fixed- and variable-rate loans across member states.