Mortgages, rates rise over 4%: how the installment changes, comparison between fixed and variable
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Mortgages, the effective rate at 4.12%
In February effective mortgage rate cleared the 4% barrier by 12 cents. This is stated in the monthly update of the Bank of Italy’s statistical publication Money and Banks. The nominal rate of variable-rate mortgages stood at 3.66%, that of fixed-rates at 3.85. The effective rate, we recall, takes into account the expenses associated with the granting and management of the loan. In February 2022, the effective figure recorded by via Nazionale was 1.85%, with variable nominal rates at 1.32% and fixed at 1.52%.
13 Apr 2023
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