ECB’s decision to reduce interest rates by 0.25 % is destined to directly affect Italy’s most popular mortgage, with that Monthly savings that is between 13 and 30 euros For families who have previously signed a variable rate financing for the purchase of a home.
The move is part of a series of interferences that aims to support the economy and remove mortgage weight, but how? Let’s see what Changes for citizens Who are still paying high -interest loans.
How much do you save on installments thanks to cutting in ECB rates
Kodican, which analyzed the impact of a reduction in ECB rates on mortgage, confirmed significant savings for Italian families. In detail, for a 20 years variable rate mortgageWith different quantities between 100,000 to 200,000 euros, the monthly savings are between 13 and 27 euros. This translates annual reduction in costs Between 156 and 324 euros.
The families that have access to Mortune with long -term (30 years)Instead, they will take advantage of this more effect. In this case, monthly savings can reach 30 euros, which decreases overall that touches it 360 euros in a year. For example, the 125,000 euros debt that lasted for 25 years will decrease by about 17 euros each month, equivalent to a savings of 204 euros each year. Although for a period of 30 years, for a mortgage of 200,000 euros, a 0.25 % deduction on interest rates will result in about 30 euros per month, or 360 euros per year.
Prediction and impact on the economy
Kodakon’s President, Carlo Renzi, commented on ECB intervention, indicating how it is “Fifth cutting in rates will lighten Italian costs for funds”. In fact, reducing the rates on mortgage is not only in favor of existing lenders, but it can also be Encourage new investmentEspecially in the real estate sector.
With the reduction of interest rates, the mortgage is easier to access, and open the door for young people and families to buy home. In the context of economic uncertainty, the ECB’s move represents an important step to encourage restoration and indicate help to citizens and families.
If the ECB continues with a reduction policy, the variable rate can see the mortgage More savings In monthly installments. And this is not so far -reaching assumption, especially if the current trend has been observed (rates have dropped from 4.92 % to 3.71 % in a year), even if the speed of the descent can slow down.
Therefore, with a period of 20 years of mortgages between 100,000 to 200,000 euros, the Rate can lead to further reduction of rates Big monthly savings Compared to the current 13-27 euros. If the interest rate is going away, savings can reach 30-35 euros per month, including the annual decrease. Between 360 and 420 euros.
Similarly, the reasoning can be even more important for those who have a long -term mortgage of 30 years. Currently, the savings are 15 to 30 euros every month, which is equal to the annual savings of 180-360 euros. If rates continue to decrease, annual savings may Reach 400-450 eurosWith an average decrease in the monthly installment between 35 and 40 euros.