Mortgage rates lowered .Benefits for Property Buyers

Mortgage rates lowered .Benefits for Property Buyers

Great Estate Network , Real Estate Insights 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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