Trioteca, the digital platform that accompanies the user throughout the mortgage journey, has analyzed the data of the mortgage sector during the first quarter of 2021. According to data from the report carried out by the Trioteca study center, extracted from the platform, the Mortgage applications increase 66% compared to the last quarter of 2020.
The average nominal value of the mortgages applied for in the first quarter of 2021 is 160,545 euros, 9% less than the last quarter of 2020. Most applications – 89% – are for fixed-rate mortgages compared to 11% for variable rate. 92% of applications are for second-hand homes and 8% for new homes. The average duration of the requested mortgage is 27 years.
The average real interest rate signed in the first quarter of 2021 is 1.26% in fixed mortgages and a Euribor of + 0.87% in variable rate mortgages. The average term for fixed mortgages is 26 years and 22 for variable mortgages.
The most used bonuses to reduce the interest rate between January and March 2021 are payroll, home insurance and life insurance.
The average bonus is 2.7 for a fixed mortgage and 2.54 for a variable mortgage. 6% of fixed mortgages do not have a bonus.
The fixed interest rate, prior to subrogation, is 2.33% with a nominal mortgage value of 190,000 euros. This operation represents an approximate average fee of 737 euros per month for 30 years. With the change of subrogation, this fee is reduced to 641 euros per month, which means a monthly saving of 96 euros.
The variable interest rate prior to the subrogation, with a nominal mortgage value of 167,000 euros, is 1.70% + Euribor. This operation represents an approximate average fee of 595 euros per month. With the change of subrogation, the fee is reduced to 531 euros per month, which represents a saving of 64 euros per month.
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