France Mortgage Rate: Monthly Data on New Fixed-Rate Housing Loans Since 2014

The France mortgage rate published here is the Banque de France’s measure of the average interest rate on new fixed-rate housing loans to households, monthly since December 2014. It comes from the MIR statistical framework, the harmonised euro area collection on monetary financial institution interest rates, and it is the effective rate actually contracted — not a broker barometer or an advertised offer. This Eco3min dataset provides 137 monthly observations as a single downloadable file.

Dataset: France Mortgage Rate — new fixed-rate housing loans (2014–2026) · Updated 2026-04-01

Source: Banque de France (Webstat, MIR1) · new fixed-rate housing loans to households · Licence Ouverte 2.0

Macro Takeaway

Dataset Overview

Dataset Variables

The CSV, Excel and JSON files contain the following columns.

Column names match the CSV headers exactly.

Download the Complete Dataset

The full France mortgage rate series is available in CSV and Excel formats.

Direct Data Access

The Banque de France publishes the series through its Webstat portal and API, which requires a free registration. The Eco3min structured dataset returns it without authentication:

Direct CSV Access — Eco3min Structured Dataset

https://eco3min.fr/dataset/fr/fr-mortgage-rate-new.csv

This URL returns the complete dataset in CSV format. It can be used directly in pandas, R, curl, or any data tool. JSON and XLSX are available at the same path with the corresponding extension.

Using the Dataset in Python

import pandas as pd

url = "https://eco3min.fr/dataset/fr/fr-mortgage-rate-new.csv"
df = pd.read_csv(url, parse_dates=["date"])

print(df.head())
print(df["mortgage_rate"].describe())

Using the Dataset in R

library(readr)

url <- "https://eco3min.fr/dataset/fr/fr-mortgage-rate-new.csv"
df <- read_csv(url)

head(df)
summary(df$mortgage_rate)

Both examples load the dataset directly from the URL — no download or API key required.

Methodology

The series is retrieved daily by an Eco3min pipeline from the Banque de France MIR1 dataset. The Banque de France publishes the rate monthly, with roughly a five to six week lag — hence a series that ends two months before the current date rather than one.

No transformation is applied. One definitional point matters for comparison. The MIR rate is the narrowly defined effective rate on the loan itself: it excludes borrower insurance, application fees and guarantee costs, which together add materially to the annual percentage rate a French borrower actually signs. Broker barometers quoting a “market rate” are typically measuring a different object, on a different sample, with a different lag — which is why they and this series rarely print the same number.

Historical Regimes

• 2014–2016 — the descent into cheap credit. The rate fell from 2.62% in December 2014 to 1.56% by November 2016, as the ECB launched asset purchases and pushed the deposit facility rate below zero. French banks passed the move through almost fully.
• 2017–2019 — the plateau. The rate drifted around 1.2% to 1.5%, reaching 1.20% in November 2019. Lending volumes hit records and loan maturities lengthened, prompting the Haut Conseil de stabilité financière to issue its first recommendations on lending standards in December 2019.
• 2020–2021 — the trough. The rate bottomed at 1.10% in December 2021. Real rates were deeply negative: with inflation already above 2%, borrowers were being paid in real terms to take on twenty-year debt.
• 2022–2023 — the fastest repricing in the series. From 1.11% in January 2022 to 3.61% in December 2023. The usury ceiling, recalculated quarterly, initially lagged the rise in funding costs and mechanically blocked a share of loan applications; the Banque de France moved to a monthly recalculation in February 2023 to unblock the market.
• 2024–2026 — a partial retreat. The rate fell back to 3.11% in December 2024 and stands at 3.09% in April 2026. The retreat stalled well above the pre-2022 range, and lending volumes recovered only partially.

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Macroeconomic Dataset Hub

This dataset is part of the Eco3min macro-financial data repository.

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Sources

• Banque de France — Webstat, MIR1 dataset (monetary financial institution interest rates), new fixed-rate housing loans to households, France.
• Licence: Licence Ouverte / Open Licence 2.0 (Etalab). Commercial reuse and redistribution permitted with attribution.

Dataset Reference

Eco3min Research. (2026). France Mortgage Rate — new fixed-rate housing loans (2014–2026). Source: Banque de France.<br> https://eco3min.fr/en/france-mortgage-rate-dataset/