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Mortgages, what happens to homes now that we are one step away from the crisis

As interest rates continue to change, here’s what happens to mortgages now. According to some, we are one step away from the crisis

Il real estate market has been in turmoil for a few months and house prices are once again worryingly rising. There was an increase (about 53% more) in applications for variable rate mortgages compared to the previous quarter.

(ANSA)

Due to the decision by the European Central Bank to raise i interest rates by 0.25% from July, variable rate mortgages will in fact be particularly affected by repercussions that have attracted the concerned interest of many. Here’s what could happen.

Mortgage prices go up, here’s what could happen

If in the past a rather calm and stable period had arisen, now a change in the general picture of mortgages and loan requests for the payment of installments. In fact, with a loan of around 200 thousand euros set at 30 years prezzo of the installment it could grow up to 23 euros per month.

I fixed rates, moreover, they are interested in a strong and decisive rise in prices. Always taking into consideration a loan set at 200 thousand euros to buy an apartment in the capital, the rates have suffered one growth until the 2,38% of June for a 20-year loan, respect all’1,70% last April. Digit rising to 2,53% for a 30-year loan.

According to research conducted by Alma Laboris Business Schoolin fact, we are witnessing a sharp increase in expenses regarding access to a fixed-rate mortgage, compared to the expenses that were foreseen up to two months ago.

(ANSA / FRANCO SILVI)

In fact, you get to spend around 65 euros more per month compared to the monthly payment referring to April for a 20-year mortgage. Figures that, even in this case, grow for a 25-year mortgage (75 euros more) and for a 30-year loan (78 euros more).

According to what reported by Dario Numerooso, director of Alma Laboris Business School, the trend among Italians would be to access a mortgage fixed ratewhich still remains a favorite.

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