(ANSA) - ROME, DEC 14 - Mortgage rates stayed on a downward
trend in Italy in November, Italian banking association ABI said
on Saturday.
It said the average rate on a loan for a home purchase fell to
3.23% last month, compared to 3.27% in October 2024 and 4.42% in
December 2023.
The ECB cut its rate by a further 25 basis points this week.
ABI said the slowdown in Italian GDP growth continued to
"depress demand for bank loans" last month, as they were down
1.6% compared to November 2023. (ANSA).
Average new mortgage rate down to 3.23% in Italy (2)
Downward trend continued in November says banking association
