Morocco’s mortgage market eased in February 2026, with average rates falling and new data showing women taking out larger loans than men.
According to the latest barometer from Afdal, the average annual percentage rate, or TAEG, stood at 5.50%, down 17 basis points compared with a year earlier. Rates have returned to levels seen in 2023.
The average before-tax rate was 4.63%, while death and disability insurance averaged 0.40%. The platform said the figures reflect stronger competition between its twelve partner banks.
The easing comes after a period of steady monetary policy. Bank Al-Maghrib has kept its key interest rate unchanged following years of global inflation pressure. That stability has gradually fed through to commercial lenders, allowing them to offer more competitive mortgage deals.
The fall in rates is more pronounced for public sector workers. Their average TAEG reached 5.18%, down 14 basis points in one month, the largest monthly drop in a year.
The reduction is linked to the PPR payroll system, which allows banks to deduct repayments directly from salaries. On a 25-year loan of 800,000 dirhams, the system can generate savings of about 18,000 dirhams.
The data shows a clear difference between men and women.
In February, women borrowed an average of 773,000 dirhams, compared with 732,000 dirhams for men. Women also reported higher average incomes, at 17,048 dirhams, against 14,829 dirhams for men.
The figures suggest a shift in the profile of borrowers, with more women in professional roles becoming primary earners and homeowners.
The report also highlights large differences in insurance costs between banks. Death and disability cover ranges from 0.17% to 0.45%.
On a 1 million dirham loan over 25 years, the gap in insurance costs can exceed 84,000 dirhams, making comparison important for borrowers.
The platform has recorded more than 1.2 million simulations since its launch in October 2019, and lists over 4,000 offers from twelve banks.
It says people aged 20 to 29 now account for 22% of simulations, showing growing interest from first-time buyers. The trend comes as authorities promote housing support schemes to help young professionals access property, despite high prices in major cities such as Casablanca and Rabat.
