Australia About 6% Local home buyers in Australia are also facing relatively higher interest rates, averaging close to 6%. Housing markets in both the U.K. and Australia are very sensitive to interest-rate changes by the central bank because changing rates quickly affect variable-rate loans, which are common in those countries. In the U.S., homeowners with 30-year mortgages are less likely to be affected by fluctuating interest rates because they usually have fixed-rate loans.
France Less than 4% Similar to the U.S., France also offers long-term fixed-rate mortgages of around 25 years.
USA About 6.5% and over In the U.S., the 30-year mortgage rate currently averages around 6.5%.
India Over 7% Indian banks offer interest rates upwards of 7%, even for well-qualified buyers who have a good credit score. Floating-rate home loans are more common than fixed-rate loans, and
Mexico From 9% to 12% Local banks are charging rates upwards of 9% and even as high as 14% due to exchange-rate volatility that affects interest rates.
