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The decline in variable rate mortgages has not yet had a significant impact on banks’ offers, with fixed rate mortgages still more advantageous
Euribor futures trend analysis (updated to July 12), Convenience Network It highlights how the average variable mortgage instalment subscribed at the beginning of 2022 (€126,000, 70% of the property value, with a repayment plan of 25 years) falls from €733 to €670 in July 2024 – a drop of around €33 in 12 months, and another €30 by June 2025.
The decline in variable rate mortgages has not yet had a significant impact on the banks’ offers, while fixed rate mortgages remain more advantageous: looking at the best offers available online, fixed rates start from a Tan equal to 2.81%, which translates to a monthly installment of €585. A more favorable index is the so-called fixed rate green mortgage (for category A or B properties): in this case, the interest rate starts from a Tan of 2.64%, with a monthly installment of €574.
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