ECB Shows Latvia Mortgage Rates Hit 4.18% as Malta Stays at 2.08%
Updated
Updated · Euronews · Jun 18
ECB Shows Latvia Mortgage Rates Hit 4.18% as Malta Stays at 2.08%
2 articles · Updated · Euronews · Jun 18
Summary
ECB data for April 2026 showed new eurozone mortgage rates ranging from 2.08% in Malta to 4.18% in Latvia, with the bloc average at 3.43%.
A €200,000 mortgage over 20 years costs about €1,019 a month in Malta versus €1,231 in Latvia, leaving the Latvian borrower paying roughly €50,800 more in total interest.
Variable-rate lending helps explain the gap: such loans make up more than 93% of new mortgages in Latvia, Estonia and Finland, compared with 15% across the eurozone.
Bank competition and funding structures also differ by country, with smaller, more concentrated banking markets such as the Baltics tending to carry wider lending margins.
The spread underscores how a single ECB policy rate still passes unevenly through national banking systems, leaving homebuyers in the same currency union facing sharply different borrowing costs.