Rome, July 19 (LaPresse) – The decline in interest rates on mortgages for first-time home purchases slowed in June. According to ABI's monthly report, the average rate stood at 3.17%, stable compared to the previous month (though lower than in December 2023, when rates reached 4.42%). The average rate on new business loans fell to 3.56%, down from 3.66% the previous month and from 5.45% in December 2023. The average rate on total outstanding loans (i.e. loans signed in previous years) dropped to 4.02% from 4.08% the previous month. Short-term interest rates have shown a continuous decline since the end of last year, but in recent months there has been a stabilization, and the first 17 days of July confirm this trend. The same cannot be said for medium- to long-term rates, which are more affected by geopolitical tensions and are currently on the rise.
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