Mortgages, cheaper fixed rate but until when? The bet of the variable
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Mortgages, 90% of new loans are fixed rate
About today 90% of new mortgages are fixed rate. A few numbers are enough to understand why. If we assume a loan of 150,000 euros for a house worth 200,000, a 15-year fixed-rate mortgage, according to data as of 5 July from the mutuiOnline.it platform, costs 3.8% for an installment of around 1,100 euros per month, the variable 4.55%, with a higher rate of 50 euros. At twenty years, the fixed rate is 3.70% for an installment of 885 euros, the variable rate is 4.6% and an installment of 955 euros. At 25 years, the variable rate stands at 4.6% with an indicative installment of 850 euros, the fixed rate at 3.70 for an installment of 770 euros. Finally, the 30-year fixed rate is 3.6% for a monthly outlay of 685 euros, the variable rate is 4.5% with an installment of 765 euros.
Jul 11, 2023
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