HE number mortgage formed in residential properties fell 15.7% last March Up to 36,182 credits compared to the same month in 2022, according to data released this Friday by the National Institute of Statistics (INE).
With year-on-year decline in March, residential mortgage firm chains two-month negative rates After the 2% drop recorded in February.
The average amount of mortgages established on residences decreased by 1.5% year-on-year to EUR 142,663 in the third month of the year, while the loaned capital decreased by 17%, up to 5,161.8 million euros.
The average interest rate for all housing loans in March was 3.29%, the highest figure since January 2017, with an average of 24 years, following the increase in interest rates accepted by central banks to control inflation.
When it comes to houses, average interest was 2.99%Highest value since April 2017 with an average maturity of 25 years.
Last March, 36.1% of the housing loans were signed with variable rate and 63.9% with fixed rate. Initially, the average interest rate was 2.72% on variable rate residential mortgages and 3.15% on fixed rate mortgages.
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