Bankitalia: 'In August the rate on mortgages is close to 4%, the highest since 2024'

The rate on new home mortgages taken out by households rises in August and nears 4%, reaching its highest level since August 2024. In August, the global effective annual rate (APR) on new loans to households for house purchases stood at 3.99%, up from 3.81 the previous month. This is reported by the Bank of Italy in its national series Banks and Money. Two years ago in August, the rate had reached 4.09%. The APR on new consumer credit disbursements stood at 10.78% (10.38 the previous month). Interest rates on new loans to non-financial corporations were 3.7% (3.79 the previous month); those for amounts up to 1 million euros were 4.40%, while rates on new loans exceeding that threshold stood at 3.30%. Deposit rates on total outstanding deposits were 0.69%, unchanged from the previous month. Reproduction reserved © Copyright ANSA