Mortgage rates are on the rise
A wake-up call for the housing market comes from the rise in mortgage rates. In the last month fixed rate loans they have risen by half a point while compared to a year ago the average increase of 120 cents. As regards the variable rate, on the other hand, the very limited increase, in the order of 20 cents both compared to the beginning of the year and compared to a year ago. To determine this situation above all the trend of the reference parameters for mortgages. The Eurirs (fixed rates) soared to 1.80% at the end of April for a twenty-year term; the thirty-year parameter reached 1.50%, while the Euribor (variable rates) is still in negative territory, around -0.50%. Banks continue to apply lower spreads for fixed loans, partially limiting the consequences of the hike. Here’s what to know.
Read also:
– Mortgages, with the fixed rate security costs more (for now)
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