Those who decided to buy a house using mortgage loans between December last year and February this year were subject to a average interest rate greater than 3.5%O highest level in over 10 years, and which reflects the continued rise in Euribor rates. increased from 3.409% in February to 3.507% in March, the highest rate since October 2012 (3.691%). March data take into account contracts signed in the quarter ending in February, not considering contracts entered into in the reference month itself (March), as no installment has yet fallen due. average interest rate rose by 29.7 basis points, going from 2.532% in February to 2.829% in March. It is a maximum of almost 14 years, since it is necessary to go back to June 2009 to find a higher value (3.136%). debt at the beginning of that month (before amortization). For the Housing Acquisition financing destination, the most relevant in the set of mortgage loans, the implicit interest rate for total contracts rose by 29.5 basis points compared to February to 2.823%, while in contracts signed in the last three months, the interest rate stood at 3.501% in March, reflecting an increase of 10.5 basis points in relation to the previous month.
Average installment of new contracts rises to 576 euros
INE data also reveal that in housing credit contracts signed in the last three months, the average installment rose 7 euros compared to February, to settle at 576 eurosin March, the highest value since the beginning of the series made available by the statistical office, in January 2009.Considering all contracts for the purchase of a house, the average value of the installment rose 9 euros to 331 euros, the highest amount since February 2009. Of this amount, 148 euros (45%) correspond to interest payments and 183 euros (55%) to amortized capital. A year earlier, in March 2022, the interest component represented 16% of the average value of the installment (255 euros).
Average outstanding capital of new contracts falls for the third month
In March, the average capital outstanding for all contracts rose by 166 euros compared to the previous month, standing at 62,699 euros, the highest value of the INE statistical series.In the case of contracts signed in the last three months, the average amount owed was 125,170 euros, 45 euros less than in February. March was thus the third straight month of declines of the average debt capital of the most recent contracts, which marked, in September last year, a historic maximum of 130,872 euros.Read more: Fixed rate: A good option in home loans? The information contained in the article is not binding and does not invalidate the full reading of documents that support the matter in question.
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