Mortgage rates lowered .Benefits for Property Buyers

Mortgage rates lowered .Benefits for Property Buyers

Great Estate Network , Laws&Regulations Feb 10, 2014 No Comments

Edited by GG

The Bank of Italy has noted that interest rates on household mortgage loans for property purchase, has gone down from 3.86% in November to 3.80% in December 2013. Rates on consumer credit loans have also gone down to 8.69% from 9.20% in November. The interest rates on new loans to non-financial corporations for up to a million euros were also down to 4.36% (4.38% in November), while the rate for loans above a million euros were 2.82% (2.76% in November). This is another reason to see 2014 as a breakthrough year for the housing market. The fall in mortgage rates coupled with restructuring incentives could suggest, for Italians, a renewed confidence and interest in the real estate market.

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