Current mortgage rates in Germany
What banks in Germany charged on average for new home loans, by how long the interest rate is fixed. The Deutsche Bundesbank publishes these figures every month, about five weeks after the month ends.
Fixed 5 to 10 years
3.81%
effective, 3.75% nominal
€300,000 at 2% repayment: €1,438 a month
Calculate with this rateFixed over 10 years
4.04%
effective, 3.97% nominal
€300,000 at 2% repayment: €1,493 a month
Calculate with this rateFixed 1 to 5 years
4.03%
effective, 3.96% nominal
€300,000 at 2% repayment: €1,490 a month
Calculate with this rateVariable or up to 1 year
4.4%
effective, 4.31% nominal
€300,000 at 2% repayment: €1,577 a month
Calculate with this rateStatus Aug 2026. Source: Deutsche Bundesbank, MFI interest rate statistics.
The last five years
Average effective rate on new home loans, by fixed-rate period
How to read these figures
They are averages over all new home loans of a month. Your own offer depends on your savings, your income, the property and how much of its value you borrow – the less, the better the rate.
The effective rate includes monthly compounding and some fees; it is the figure to compare offers by. The nominal rate (Sollzins) is what the monthly payment is calculated from.
A longer fixed-rate period usually costs a little more interest, but leaves less debt to refinance at an unknown rate later.