Interest Rates: Other Long Term Rates and Yields: Housing: Mortgage Rates for Luxembourg
IRLOHO02LUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.75
Year-over-Year Change
248.41%
Date Range
1/1/1987 - 7/1/2023
Summary
This economic trend measures long-term mortgage rates in Luxembourg, a key indicator for the country's housing market and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Interest Rates: Other Long Term Rates and Yields: Housing: Mortgage Rates for Luxembourg series tracks the average interest rate on new mortgage loans issued in the country. This data point is used by economists and policymakers to assess the cost of borrowing, gauge housing affordability, and predict trends in real estate investment and consumer spending.
Methodology
The data is collected by the Central Bank of Luxembourg through surveys of financial institutions.
Historical Context
Mortgage rates influence consumer demand, construction activity, and the overall health of the Luxembourgish economy.
Key Facts
- Mortgage rates in Luxembourg averaged 2.1% in 2021.
- Rates reached a historic low of 1.5% in 2016.
- Mortgage debt accounts for over 50% of Luxembourgish household debt.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average interest rate on new mortgage loans issued in Luxembourg, a key indicator for the country's housing market.
Q: Why is this trend relevant for users or analysts?
A: Mortgage rates influence consumer demand, construction activity, and the overall health of the Luxembourgish economy, making this data point important for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Luxembourg through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Mortgage rates are used by policymakers to assess the cost of borrowing, gauge housing affordability, and predict trends in real estate investment and consumer spending.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Interest Rates: Other Long Term Rates and Yields: Housing: Mortgage Rates for Luxembourg (IRLOHO02LUQ156N), retrieved from FRED.