Current Situation of Mortgage Interest Rates

August, 27th of 2024

In the current mortgage market for home purchases, interest rates have shown a downward trend in recent months. Currently, the average rate for new mortgages is around 4.06%1. This decrease is partly due to the monetary policies adopted by the European Central Bank, which seek to stimulate the economy and facilitate access to financing.

For those interested in purchasing a home, this is a favorable opportunity, since lower interest rates can translate into more affordable monthly payments and a lower total cost of the loan over time. However, it is important to keep in mind that conditions can vary significantly between different financial institutions and types of mortgages, whether fixed, variable or mixed23.

Looking ahead to the next six months, interest rates are expected to remain relatively stable, although with a slight downward trend. This forecast is based on the expectation that the European Central Bank will continue its low interest rate policy to support economic recovery. However, factors such as inflation and global economic conditions could influence this trend.