Countries with the Lowest Mortgage Rates (2026)
Japan leads the NoodlePants ranking with an average mortgage rate of 1.40%, followed by other low-rate property markets across Europe and Asia.
Updated March 2026
| # | Country | Mortgage Rate | |
|---|---|---|---|
| 1 |  Japan | 1.40% | View → |
| 2 |  Switzerland | 2.30% | View → |
| 3 |  Spain | 3.60% | View → |
| 4 |  Germany | 3.90% | View → |
| 5 |  Singapore | 4.00% | View → |
| 6 |  Italy | 4.00% | View → |
| 7 |  Portugal | 4.00% | View → |
| 8 |  France | 4.10% | View → |
| 9 |  Netherlands | 4.20% | View → |
| 10 |  Greece | 4.20% | View → |
| 11 |  Malaysia | 4.30% | View → |
| 12 |  United Arab Emirates | 4.50% | View → |
| 13 |  Sweden | 4.60% | View → |
| 14 |  United Kingdom | 5.20% | View → |
| 15 |  Czech Republic | 5.40% | View → |
| 16 |  Canada | 5.80% | View → |
| 17 |  Australia | 6.20% | View → |
| 18 |  Thailand | 6.30% | View → |
| 19 |  New Zealand | 6.80% | View → |
| 20 |  United States | 7.10% | View → |
| 21 |  Philippines | 7.50% | View → |
| 22 |  Poland | 7.60% | View → |
| 23 |  India | 8.70% | View → |
| 24 |  Indonesia | 8.80% | View → |
| 25 |  Vietnam | 10.50% | View → |
| 26 |  Brazil | 11.00% | View → |
| 27 |  Mexico | 11.20% | View → |
| 28 |  South Africa | 11.50% | View → |
| 29 |  Colombia | 14.50% | View → |
| 30 |  Argentina | 90.00% | View → |
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What affects lowest mortgage rates?
Mortgage rates are driven primarily by each country's central bank policy rate, inflation expectations, and the depth of its bond market. Low-rate countries tend to have stable inflation and well-developed mortgage securitisation markets.
Currency risk matters too. Borrowing in a country's local currency can be cheap on paper but expensive if you earn in another currency that weakens against it.
Foreign-buyer rules vary widely. Some low-rate markets restrict mortgages to residents or require a much larger down payment from non-residents.
Frequently asked
Which country has the lowest mortgage rates?
Japan currently leads with 1.40%.
Can foreigners buy property in Japan?
Yes — foreigners can generally buy property in Japan, though local taxes and registration apply.
How do I compare countries internationally?
Use the interactive world map or take the matchmaking quiz.