The percentage of mortgages constituted in April at a fixed rate was 61%, 14 points lower than the maximum registered last July, according to data from the Mortgage survey published by the INE. This is the lowest level since April 2021 when it was close to 59%. The gap between loans signed at a fixed rate and those at a variable rate has been widening since the beginning of interest rate hikes by the European Central Bank. Since 2016, banks had favored fixed-rate mortgages
How has the gap between loans signed at a fixed rate and those at a variable rate been affected by the interest rate hikes by the European Central Bank since 2016
According to data from the Mortgage survey published by the INE, the percentage of mortgages constituted in April at a fixed rate was 61%, which is 14 points lower than the maximum registered last July. This represents the lowest level since April 2021 when it was close to 59%.
The gap between loans signed at a fixed rate and those at a variable rate has been widening since the beginning of interest rate hikes by the European Central Bank. Since 2016, banks had favored fixed-rate mortgages, making them more engaging for borrowers.
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This article clearly highlights the current shift in mortgage rates, with fixed mortgages experiencing a decrease while variable mortgages are becoming more expensive. As a homeowner considering mortgage options, this provides valuable insights into the changing lending landscape.
This article highlights the recent shift in mortgage rates, indicating a decrease in fixed mortgages while variable mortgages are becoming more expensive. It is crucial for potential homebuyers to analyze these changes and determine which option aligns best with their financial goals and risk tolerance. Stay informed to make informed decisions in this evolving market.