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Mortgage rates rise again, to 2.37% in June

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Scrapping does not hit targets, collections stopped at 18 billion (ANSA)

In June, interest rates on loans disbursed to households for house purchase including ancillary costs (Annual Effective Global Rate, APR) stood at 2.37% (2.27 in May), while those on new disbursements consumer credit at 8.34% (8.25 in the previous month). The Bank of Italy notes this in the publication ‘Banks and money’. The rates on new loans to non-financial companies were equal to 1.44% (1.19 in the previous month), those for amounts up to 1 million are 1.97%, while the rates on new loans of higher, they stood at 1.15%.
Also in June, loans to the private sector, corrected on the basis of the harmonized methodology agreed within the European System of Central Banks, grew by 3.2% over twelve months (3.1 in the previous month). In particular, loans to households increased by 4.1% over twelve months (4.0% in the previous month) and those to non-financial companies by 2.6 (against 2.3% in the previous month). Private sector deposits grew by 3.0% over twelve months (compared to 4.6 in May); bond funding decreased by 7.1% on the same period of the previous year (-8.0 in May).

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Source: Ansa

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