Bank of Italy, mortgage rates drop further: 4.21% in March

MILANO – The decline in interest rates continues mortgages. According to the monthly photograph taken by Bank of Italy the interest rates on loans disbursed in March to families for the purchase of homes including ancillary expenses (annual effective rate, APR) stood at 4.21% in March (from 4.31% in February). The APR on new disbursements of consumer credit it stood at 10.61% (10.59 in the previous month). The interest rates on all outstanding deposits were 1.04% (1.02 in the previous month).

Mortgages, signs of demand restarting. The market becomes greener

edited by the Economics editorial team

April 30, 2024

Interest rates on new loans to non-financial companies were equal to 5.26% (5.34% in the previous month), those for amounts up to 1 million euros were equal to 5.73%, while the rates on new loans for amounts exceeding this threshold decreased placed at 4.95 percent.

I loans to the private sector they decreased by 2.4 percent over the twelve months (-2.5 in the previous month). THE loans to families they decreased by 1.4 percent over the twelve months (as in the previous month) while those to non-financial companies decreased by 3.9 percent (-3.8 in the previous month). The rate of change in private sector deposits over twelve months, Via Nazionale specifies, was zero (-1.2 in February); bond funding increased by 18.7 percent (18.0 in February)