This content was published on January 10, 2024 – 15:55 January 10, 2024 – 15:55
Rome, Jan 10 (EFE).- The average interest rate to acquire a mortgage in Italy reached 4.92% in November, the highest level in 15 years and was 0.2% higher than the previous month’s figures. , according to a report published today by the Bank of Italy.
This is the highest value since 2008 and the second highest since at the end of 2007 and shortly before the outbreak of the crisis, the average interest rates for loans to purchase housing exceeded 5.7%, as reflected in the document. Banks and currency: national series’.
The Bank of Italy also estimates the Annual Equivalent Rate (APR) for consumer loans at 10.27% (10.45% in October) in the document, made with data corresponding to November 2023, before knowing the fall in inflation and the forecasts of the European Central Bank (ECB) for 2024.
The interest rates on new loans to non-financial corporations were 5.59% (5.46% in the previous month) while those for up to one million euros reached 5.98% and those above this figure They stood at 5.30%.
Furthermore, in November, loans to the private sector decreased by 3.2% year-on-year, while loans to households decreased by 1.2%. EFE
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2024-01-11 00:49:42
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