Mortgage rates begin to fall after record November. Those who today take out a fixed rate loan for the purchase of their first home find themselves with an APR of between 2.7% and 2.8%.
This is equivalent to a lower monthly instalment, with savings of around 45 euros per month for a 30-year 100,000 euro mortgage, and 67 euros permonth for a 25-year 140,000 euros loan. On an annual basis the lower expense will be 540 euros in the first case, over 804 euros in a second.