New Mortgages

Rise in rates for new loans over ten years. The surprise, compared with the general trend of interest rates is apparent from the Statistical Supplement to the Bulletin of the Banca d 'Italia. The average rate on loans over ten years heated up again in February to 5.13% from 5.1% average in January.

The figure contrasts sharply with the other indicators. The APR rate (including the costs of instruction, administrative and insurance) is decreased to 4.69% from 4.91% recorded in January. Meanwhile even the minimum records for the interbank rate: l 'Euribor at three months, which is indexed to the calculation of loans for the purchase of a house, touches new low of'1466%, after that of 1479% last Friday marked . L 'Euribor falls to one week by 0947% to 0923%. Than six months all'1644% decline from the previous minimum all'1653%.

And the retail bank Mediobanca, CheBanca!, The effect of 'current' economic scenario "that" continues to record a rapid and sustained drop in market rates, 'he decided to cut the yields on deposit accounts. This is shown by a letter sent by CEO, Christian Miccoli, customers. "In light of this situation - explained the manager - CheBanca! decided to upgrade the base rate of the deposit account, bringing it to 1, 75% (from 2.6%, ndr) FROM '8 May 2009. The conditions will be applied to the sums placed at three, six and 12 months. "

Related posts

• Mortgages: growing amounts and duration, but more slowly (0)
• Agreement on the loan: this is the simulation (0)
• Zopa, the peer to peer lending (0)
• Unicredit under control for the effects subrime (0)
• Rate Mortgages, falling to the lowest in April (0)