Interest rates on housing loans are starting to fall, after two years of constant increases following the ECB's monetary policy decisions. Compared to the record reached last November, when mortgage rates stood above 4.9%, today we are witnessing a generalized trend reversal affecting both fixed and variable rates.
Those who today take out a fixed rate loan for the purchase of their first home find themselves with an APR between 2.7% and 2.8%. This equates to a lower monthly payment, with savings of around 45 euros per month for a 100 thousand euro 30-year mortgage.