The Mortgage Firm Suffers Its Biggest Fall in Two Years After the ECB Maneuver and the Average Interest Rate Exceeds 3%
11 Articles
11 Articles
The average rate exceeds 3% after 17 months below that level
The housing loan firm records its second best figure for a month of July since 2010, while the average interest rate is 3.01%.
The amount of loans skyrockets by 10.9% in one year and reaches its highest level since at least 2015, while firms fall back by 3.5%
In July 43,372 loans were granted for the purchase of a house, 3.5% less than last year. The average interest rate rose to 3.01%. It is the first time in 18 months that exceeds the 3% threshold.
The number of housing mortgages constituted in July was 43,372, 3.5 per cent less than in the same month of 2025, in which it represents its greatest decline
The number of mortgages created on housing fell by 3.5% in July compared to the same month of 2025, to add 43,372 loans, which represents its biggest fall since June 2024, according to the data released this Monday by the National Institute of Statistics (INE).With the year-on-year decline of July, the mortgage firm [...] The entry Mortgages on housing fall by 3.5% in July, its biggest decrease since more than two years appears first in Forbes S…
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