Categories: News

The Signing Of Mortgages For Housing Rises 57.7%, To Levels Of March 2011

The signing of mortgages for the purchase of a home reached 42,547 operations in September, 57.7% more than in the same month of 2020 and the highest figure since March 2011 , as revealed this Tuesday by the National Institute of Statistics (INE ).

INE data indicate that the average amount of this type of loan stood at 143,831 euros, which is the highest figure since February 2020, while the capital loaned rose to 6,119.5 million euros.

Regarding interest rates, two out of every three home mortgages (65.7%) were signed at a fixed interest rate, a percentage that has been above 60% for five months in a row.

The average rate for home purchase loans was 2.47%; in those signed at a fixed rate, 2.65%, and in those with variable interest, 2.19%, 2.96 points above the average Euribor for that month, which was negative at 0.492%.

The signing of mortgages for the purchase of a home reached 42,547 operations in September, 57.7% more than in the same month of 2020 and the highest figure since March 2011 , as revealed this Tuesday by the National Institute of Statistics (INE ).

INE data indicate that the average amount of this type of loan stood at 143,831 euros, which is the highest figure since February 2020, while the capital loaned rose to 6,119.5 million euros.

Regarding interest rates, two out of every three home mortgages (65.7%) were signed at a fixed interest rate, a percentage that has been above 60% for five months in a row.

The average rate for home purchase loans was 2.47%; in those signed at a fixed rate, 2.65%, and in those with variable interest, 2.19%, 2.96 points above the average Euribor for that month, which was negative at 0.492%.

The Great Writer and The Passionate Poet As Well, He Graduated from University Of Florida in Journalism and Brad have around 12 years of experience in news and media section.

Recent Posts

Uniswap (UNI) Reaches New Heights as DeFi Activity Surges

Uniswap (UNI), the native token of the biggest decentralized exchange protocol, has risen to $8.…

4 weeks ago

Decentralized Oracles Drive Chainlink’s (LINK) Growth

Chainlink (LINK), the most popular decentralized oracle provider, has witnessed its token LINK rise to…

4 weeks ago

Chainlink (LINK) Resurges as Oracle Demand Grows Across Blockchain Ecosystems

LINK, Chainlink’s native token, has surged back to the list of top trending cryptocurrencies as…

1 month ago

Pyth Network (PYTH) Declines by 3.23% Amidst Surging Trading Volume

Pyth Network (PYTH) has recently been on an uptrend with the token increasing by 3.…

1 month ago

The Sandbox (SAND) Experiences 3.78% Decline Amidst High Trading Activity

The Sandbox (SAND) has recently encounter a 3. There was a fall of 78% of…

1 month ago

Ethereum Rivals Rise And More Issues That Will Move The Crypto Market

Ethereum, as the second-largest cryptocurrency by market capitalization, has been a dominant force in the…

2 months ago