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  Home Page  > Information and Data  > Banks' and Financial Markets' Rates of Interest 
Mortgage Banks - Average Rate of Interest

Since 1.2.2008 the interest rates are published once a month, and are the effective rates of interest (on annual basis), calculated as the weighted averages of the interest on new, supplementary and non-supplementary loans, extended by the banks during the month for the purpose of buying an apartment or in mortgaging an apartment.
All the periods are "up to and including" (e.g., "from 12 to 15 years" includes 15 years).
These interest rates should be used for calculating the early-repayment fees as of the date of their publication on the Bank of Israel's website.

On 1.11.2002 the Banking Order (Early Repayment Fees), 5762-2002, went into effect. The interest rates were published twice a month, and were the effective interest rates (on annual basis), calculated as the weighted averages of the interest on new, supplementary and non-supplementary loans, extended by the banks during the two-week period for the purpose of buying an apartment or in mortgaging an apartment.
All the periods were "up to and including" (e.g., "from 12 to 15 years" includes 15 years).
These interest rates should be used for calculating the early-repayment fees as of the date of their publication on the Bank of Israel's website.

Up to 31.10.2002 the average interest rates (percentages) for the outstanding periods to the due date were in accordance with Section 1 of the Banking Order (Early Repayment Fees), 5742-1981. The periods were "up to and including" except two of the periods (i.e., from 5 to 12 years, and from 15 to 17 years) which were exclusive. The average interest rate published in the current month was used for calculating the early- repayment fee on loans repaid in the second month after the current month. For example, the interest rate appearing for January in the table below applied to early repayments made in March. The average interest rate was calculated as the weighted average of the interest on nondirected credit from a mortgage bank's funds extended or renewed during the month.

 
For the full excel file
Period to due date Interest
rate
effective
from		 Loans
taken in
period to
Average More
than
20 years		 From
17 to 20
years
 From
15 to 17
years
 From
12 to 15
years
 From
5 to 12
years
 Up to and
including
5 years
3.69 4.04 4.03 3.92 3.88 3.64 3.50 12/05/2008 30/04/2008
3.93 4.23 4.14 4.17 4.19 3.89 3.80 11/04/2008 31/03/2008
4.15 4.36 4.30 4.18 4.35 4.11 4.05 11/03/2008 29/02/2008
4.17 4.32 4.19 4.23 4.39 4.15 4.08 11/02/2008 31/01/2008
4.21 4.34 4.27 4.29 4.33 4.21 4.11 27/01/2008 15/01/2008
4.14 4.41 4.28 4.32 4.26 4.21 3.99 11/01/2008 31/12/2007
4.31 4.61 4.40 4.41 4.41 4.31 4.20 26/12/2007 15/12/2007
4.40 4.68 4.43 4.46 4.50 4.34 4.34 11/12/2007 30/11/2007
4.40 4.57 4.35 4.42 4.50 4.27 4.41 26/11/2007 15/11/2007
4.37 4.41 4.31 4.01 4.36 4.20 4.48 12/11/2007 31/10/2007
4.37 4.30 4.20 4.29 4.41 4.23 4.51 26/10/2007 15/10/2007
4.25 4.26 4.19 4.25 4.35 4.23 4.26 11/10/2007 30/09/2007
4.17 4.31 4.16 4.22 4.32 4.15 4.11 26/09/2007 15/09/2007
4.09 4.27 4.17 4.21 4.26 4.04 3.98 11/09/2007 31/08/2007
4.02 4.36 4.18 4.14 4.08 3.89 3.90 27/08/2007 15/08/2007
3.92 4.25 4.08 4.00 3.96 3.76 3.78 12/08/2007 31/07/2007
4.02 4.31 4.09 4.02 4.00 3.83 3.99 26/07/2007 15/07/2007
4.06 4.28 4.10 4.02 4.01 3.85 4.10 11/07/2007 30/06/2007
4.15 4.32 4.14 4.12 4.08 3.96 4.27 26/06/2007 15/06/2007
4.30 4.41 4.22 4.37 4.59 4.01 4.37 11/06/2007 31/05/2007
4.30 4.37 4.29 4.28 4.27 4.10 4.43 27/05/2007 15/05/2007
4.37 4.60 4.31 4.31 4.29 4.13 4.48 11/05/2007 30/04/2007
4.45 4.60 4.40 4.41 4.42 4.18 4.62 26/04/2007 15/04/2007
4.47 4.63 4.43 4.40 4.35 4.20 4.63 15/04/2007 31/03/2007
4.53 4.69 4.45 4.46 4.47 4.32 4.67 26/03/2007 15/03/2007
4.62 4.76 4.52 4.52 4.50 4.39 4.82 12/03/2007 28/02/2007
4.72 4.83 4.62 4.61 4.57 4.49 4.91 26/02/2007 15/02/2007
4.77 4.91 4.67 4.68 4.68 4.56 4.96 12/02/2007 31/01/2007
4.83 4.93 4.75 4.73 4.69 4.62 5.02 26/01/2007 15/01/2007
4.86 4.94 4.76 4.85 4.71 4.61 5.08 11/01/2007 31/12/2006
4.91 4.99 4.78 4.78 4.77 4.72 5.15 26/12/2006 15/12/2006
5.00 5.05 4.83 4.83 4.82 4.78 5.26 11/12/2006 30/11/2006
5.03 5.16 4.88 4.88 4.88 4.87 5.21 27/11/2006 15/11/2006
5.04 5.15 4.91 4.95 4.93 4.83 5.19 12/11/2006 31/10/2006
5.02 5.19 4.88 4.92 5.00 4.79 5.14 26/10/2006 15/10/2006
5.02 5.18 4.92 4.93 4.94 4.82 5.15 11/10/2006 30/09/2006
5.06 5.20 4.92 4.94 4.96 4.92 5.20 27/09/2006 15/09/2006
5.06 5.18 4.92 4.93 4.94 4.93 5.18 11/09/2006 31/08/2006
5.01 5.19 4.90 4.90 4.90 4.86 5.13 27/08/2006 15/08/2006
4.97 5.14 4.89 4.89 4.87 4.82 5.06 11/08/2006 31/07/2006
4.92 5.12 4.90 4.91 4.92 4.75 4.97 26/07/2006 15/07/2006
4.91 5.16 4.95 4.93 4.92 4.80 4.90 11/07/2006 30/06/2006
4.82 5.17 4.89 4.87 4.84 4.74 4.76 26/06/2006 15/06/2006
4.70 5.07 4.80 4.79 4.78 4.64 4.57 12/06/2006 31/05/2006
4.70 5.11 4.86 4.83 4.79 4.58 4.58 26/05/2006 15/05/2006
4.76 5.10 4.88 4.85 4.81 4.74 4.66 11/05/2006 30/04/2006
4.78 5.08 4.85 4.80 4.74 4.62 4.80 26/04/2006 15/04/2006
4.79 5.12 4.89 4.82 4.73 4.62 4.83 11/04/2006 31/03/2006
4.85 5.13 4.86 4.82 4.76 4.68 4.91 27/03/2006 15/03/2006
4.81 5.14 4.86 4.80 4.71 4.58 4.90 12/03/2006 28/02/2006
4.85 5.15 4.94 4.90 4.84 4.67 4.85 27/02/2006 15/02/2006
4.79 5.08 4.91 4.84 4.77 4.59 4.83 12/02/2006 31/01/2006
4.71 5.01 4.75 4.74 4.75 4.63 4.68 26/01/2006 15/01/2006
4.54 4.81 4.78 4.45 4.63 4.37 4.50 11/01/2006 31/12/2005
4.43 4.94 4.69 4.62 4.53 4.30 4.34 26/12/2005 15/12/2005
4.29 4.91 4.66 4.56 4.46 4.14 4.11 12/12/2005 30/11/2005
4.25 4.88 4.60 4.48 4.35 4.11 4.08 27/11/2005 15/11/2005
4.22 4.82 4.54 4.45 4.35 4.07 4.03 11/11/2005 31/10/2005
4.19 4.87 4.56 4.44 4.31 4.02 3.94 27/10/2005 15/10/2005
4.18 4.82 4.57 4.45 4.32 4.02 3.95 11/10/2005 30/09/2005
4.20 4.81 4.64 4.49 4.34 4.01 3.97 26/09/2005 15/09/2005
4.20 4.76 4.56 4.39 4.36 4.01 3.95 12/09/2005 31/08/2005
4.20 4.84 4.61 4.47 4.34 3.98 3.97 26/08/2005 15/08/2005
4.17 4.81 4.59 4.38 4.32 3.97 3.88 11/08/2005 31/07/2005
4.19 4.92 4.64 4.51 4.32 3.99 3.89 26/07/2005 15/07/2005
4.14 4.85 4.62 4.49 4.27 3.90 3.88 11/07/2005 30/06/2005
4.15 4.88 4.65 4.48 4.26 3.97 3.84 27/06/2005 15/06/2005
4.17 4.84 4.64 4.47 4.31 3.96 3.84 12/06/2005 31/05/2005
4.21 4.84 4.68 4.53 4.40 4.02 3.84 26/05/2005 15/05/2005
4.28 5.00 4.79 4.58 4.42 4.11 3.89 11/05/2005 30/04/2005
4.37 5.02 4.86 4.69 4.48 4.19 4.04 26/04/2005 15/04/2005
4.49 5.12 4.86 4.69 4.55 4.34 4.17 11/04/2005 31/03/2005
4.62 5.18 4.95 4.82 4.68 4.51 4.32 27/03/2005 15/03/2005
4.69 5.21 4.99 4.87 4.76 4.56 4.45 11/03/2005 28/02/2005
4.78 5.26 5.06 4.97 4.88 4.61 4.56 27/02/2005 15/02/2005
4.82 5.28 5.11 4.95 4.84 4.71 4.65 11/02/2005 31/01/2005
4.93 5.29 5.06 5.03 4.99 4.76 4.70 26/01/2005 15/01/2005
4.99 5.31 5.10 4.97 4.90 4.76 4.93 11/01/2005 31/12/2004
5.00 5.30 5.10 5.06 4.99 4.79 4.84 27/12/2004 15/12/2004
4.99 5.36 5.13 5.08 5.01 4.82 4.73 12/12/2004 30/11/2004
5.01 5.37 5.16 5.08 4.96 4.82 4.74 26/11/2004 15/11/2004
4.98 5.32 5.17 5.09 4.99 4.77 4.74 11/11/2004 31/10/2004
5.00 5.37 5.15 5.09 5.00 4.84 4.76 29/10/2004 15/10/2004
5.02 5.36 5.20 5.09 4.97 4.82 4.82 11/10/2004 30/09/2004
5.08 5.32 5.17 5.10 4.98 4.91 4.96 27/09/2004 15/09/2004
5.07 5.31 5.16 5.08 4.97 4.84 5.00 12/09/2004 31/08/2004
5.08 5.36 5.16 5.09 4.99 4.88 4.95 26/08/2004 15/08/2004
5.04 5.31 5.16 5.07 4.93 4.82 4.82 11/08/2004 31/07/2004
5.01 5.30 5.11 5.04 4.93 4.80 4.79 26/07/2004 15/07/2004
5.05 5.28 5.12 5.07 4.97 4.80 4.82 12/07/2004 30/06/2004
5.05 5.33 5.20 5.12 4.99 4.85 4.65 27/06/2004 15/06/2004
5.07 5.32 5.15 5.08 4.99 4.82 4.92 11/06/2004 31/05/2004
5.13 5.31 5.13 5.10 5.06 4.86 5.13 27/05/2004 15/05/2004
5.11 5.28 5.13 5.00 5.00 4.89 5.14 11/05/2004 30/04/2004
5.10 5.22 5.13 5.10 5.05 4.81 5.14 26/04/2004 15/04/2004
5.08 5.20 5.09 4.94 5.00 4.83 5.18 13/04/2004 31/03/2004
5.05 5.13 5.03 5.00 4.93 4.91 5.22 26/03/2004 15/03/2004
5.08 5.13 5.05 5.04 4.96 4.87 5.31 11/03/2004 29/02/2004
5.10 5.15 5.05 5.03 5.00 4.92 5.37 26/02/2004 15/02/2004
5.19 5.26 5.10 4.97 5.01 4.95 5.51 11/02/2004 31/01/2004
5.26 5.26 5.22 5.20 5.17 5.05 5.50 26/01/2004 15/01/2004
5.26 5.25 5.16 5.22 5.09 5.05 5.56 12/01/2004 31/12/2003
5.33 5.36 5.26 5.24 5.22 5.08 5.54 26/12/2003 15/12/2003
5.41 5.37 5.30 5.29 5.30 5.29 5.67 11/12/2003 30/11/2003
5.49 5.42 5.38 5.38 5.39 5.29 5.77 26/11/2003 15/11/2003
5.48 5.48 5.36 5.35 5.35 5.30 5.68 11/11/2003 31/10/2003
5.53 5.47 5.38 5.39 5.42 5.32 5.84 27/10/2003 15/10/2003
5.60 5.46 5.42 5.40 5.40 5.40 6.05 12/10/2003 30/09/2003
5.71 5.55 5.47 5.48 5.51 5.54 6.10 26/09/2003 15/09/2003
5.71 5.56 5.46 5.24 5.43 5.52 6.15 11/09/2003 31/08/2003
5.75 5.55 5.51 5.50 5.50 5.47 6.20 26/08/2003 15/08/2003
5.91 5.68 5.58 5.41 5.60 5.58 6.33 11/08/2003 31/07/2003
6.08 5.76 5.73 5.72 5.72 5.69 6.48 27/07/2003 15/07/2003
6.18 5.96 5.83 5.82 5.82 5.63 6.48 11/07/2003 30/06/2003
6.19 6.02 5.84 5.85 5.91