The number of mortgages constituted on homes increased by 33.9% in September compared to the same month in 2023, totaling 41,306 loans, with an average interest rate lower than the previous month, according to data released this Thursday by the National Institute of Statistics (INE).
Specifically, the average interest rate for mortgages constituted on homes reached the 3.14%, compared to 3.3% registered in Augustregistering its lowest rate since April 2023, when it stood at 3.08%.
With the year-on-year advance in September, the signing of mortgages add three months of increases after it grew by 8.8% in September, reaching the highest percentage since August 2021 in the ninth month of this year.
Average amount
The average amount of mortgages established on housing rose 4.5% year-on-year in the ninth month of the year, to 150,528 euros, while loaned capital increased 39.9%, to 6,217.7 million euros.
After the interest rate reduction carried out by the European Central Bank (ECB) in view of the better inflation data and its reflection in the evolution of the Euribor, the average interest rate in August was 3.14% for mortgages constituted on homes, with an average term of 25 years.
He average interest rate for loans on housing is slightly higher than a year ago (3.24%) and, with it, there are now 17 consecutive months with rates above 3%.