The mortgage firm recorded its best October since 2009, adding more than 41,000 loans.

In October, with an increase compared to the previous year, Nine points higher than in Septemberhome mortgage company chains 20 consecutive monthly promotions from year to year.

The average mortgage amount established on the residences increased by 8.4% compared to the previous year In the tenth month of the year, the loan amount reached 149,730 euros and the loaned capital increased by 23% to 6,142.2 million euros.

Recording the largest number of mortgages on residences in October 2022, according to autonomous communities Andalusia (8,116), Madrid (7,984) and Catalonia (6,692).

Likewise, regions with more capital lending for residential mortgage facility Madrid (1,762.8 million euros), Catalonia (1,121.2 million euros) and Andalusia (1,010.4 million euros).

In thirteen communities, more home mortgages were signed in October than in the same month in 2021, with a four-year decline: Castilla-La Mancha (-28.6%), Navarra (-5.7%), Murcia (-3.4%) and Castilla y León (-1.6%).

In contrast, the largest increases Canary Islands (46.3%), Aragon (38.3%) and Basque Country (33.2%), The most modest advances were made by Galicia (+0.7%) and Valencian Community (+1.6%).

In the first ten months of the year, the number of mortgaged houses increased by 12.9 percent, borrowed capital increased by 20.2%.

Fixed rate mortgages, at least

On a monthly basis (September to October), home mortgages fell 7%, Borrowed capital decreased by 2.8%. Either way, these are their smallest failures in October since 2020.

In October, the average interest rate for all housing loans was 2.66% with 23 years. When it comes to houses, average interest 2.50% The average maturity is 24 years, below 2.54% compared to the previous year.

While 33.2 percent of residential mortgages were created at variable rate last October, 66.8 percent they were signed at a fixed rate, Lowest percentage since September 2021. The average initial interest rate was 2.03% on variable rate residential mortgages and 2.74% on fixed rate mortgages.

Mortgage farms increased by 10%

According to the data of the statistical institution, the number of mortgages on rustic and urban farms (including residences in the latter) increased by 10.3% in October 2022 compared to the same month of 2021, reaching a total of 53,809 loans.

Capital of mortgage loans granted increased by 23.3% in the tenth month of the yearThe average amount of mortgages created over the total number of residences increased by 11.8% to 163,485 Euros.

Changes in conditions drop

Last October, total 10,198 mortgages conditions have changed, a figure 50.9% lower than in the same month of 2021.

Given the type of change in circumstances, 8,401 innovations (or changes with the same financial institution), down 51.8% year-on-year.

Number of transactions that changed assets (subrogation to the creditor) was 1,405, 44.2% less than October 2021. Changed ownership of mortgaged assets in 392 mortgages (successors to borrower), 53% less than a year ago.

35.3% of 10,198 housing loans with changing conditions are due to changes in interest rates. After the change in conditions, the rate of fixed-rate housing loans increased from 24.2% to 53.3%. variable rate mortgage decreased from 75% to 44.9%.

Euribor is the rate at which the highest percentage of variable rate mortgages are referenced, both before (69.3%) and after (42.2%) change.

After changing the conditions, average loan interest fixed-rate mortgages fell one point and variable-rate mortgages fell four-tenths.