(ANSA) – MILAN, JUL 23 – In the coming months, the increase in the cost of money will raise the interest rates charged by banks on new mortgages but already in recent days – according to an analysis by Fabi – there have been peaks around at 3%.
“The increase in rates decided by the ECB aims to counteract the increase in inflation, but at the same time it will put families in difficulty both for the payment of the installments of the variable rate mortgages already disbursed, which will undergo progressive increases, both as regards access to new loans, which will have higher costs “, says the secretary general of Fabi Lando Maria Sileoni.
A market, that of mortgages, that the pandemic has not slowed down In the last two and a half years, despite the difficulties linked to Covid also on an economic level, banks have disbursed – explains the Autonomous Federation of Italian Banking – 34 billion euros in new mortgage loans, with a growth of 9%. Total loans for the purchase of homes went from 383 billion at the end of 2019 to 417 billion in May 2022. (ANSA).
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
