Variable mortgage installments skyrocketing, Salvini: “We are working to lengthen them”

“We are working with the Ministry of the Economy to lengthen the installments of those with variable rate mortgages.” Matteo Salvini told Radio Deputy Prime Minister and Infrastructure Minister on Radio Uno Rai. For Salvini it does not mean being anti-European if you criticize the choices of the ECB “which with its acts raises the rates of Italian families”. Fabi also intervenes on the subject of inflation. “On the one hand, interest rates on mortgages are always rising, on the other hand, interest rates on deposits are always falling.”

Carmelo Raffa coordinator Fabi Sicilia, on what has been happening in recent months to the detriment of savers and families increasingly in difficulty, cites the study carried out by the autonomous federation of Italian banks: «A car in installments costing 25,000 euros with a ten-year loan at a rate of 13.65 it would cost 9,800 euros more – explains Raffa – For new mortgages, the installments of those with a fixed rate would double while for those with a variable rate the monthly repayment would rise by 60-70%. For a fixed-rate mortgage of 200,000 euros (the average rate applied by banks could be higher than 6%) the monthly installment will be 1,341. While for a mortgage of 100 thousand euros the installment would be 627 euros. For old mortgages, there is no difference for fixed-rate installments, but increases of up to 75% for variable-rate ones».