Home mortgage firm reached its highest figure in 11 years in March

The number of mortgages made on houses increased by 18% in March last compared to the same month of 2021, when added 43,378 loansThe highest figure since February 2011 and the highest since 2010 in a single month of March, when more than 54,000 mortgages were signed.

According to data released this Friday by National Institute of Statistics (INE), with advances in March that registered in February soared by more than three digits, the home mortgage firm reported 13 consecutive months of year-on-year growth.

borrowed capital

average amount of formed mortgage Housing grew 6.5% year-on-year in the third month of the year to EUR 145,715, while borrowed capital increased by 25.6% to EUR 6,320.8 million.

More number of mortgage registrants formed on homes by autonomous communities, in March 2022 Andalusia (8.966), Catalonia (7.545) Y madrid (7.308).

In inter monthly rate (March over February), home mortgages rose 18.7%, while borrowed capital rose 22%. In both cases they are their biggest increase in the month of March in the last five years.

In the third month of the year, type of interest Total mortgage loans accounted for an average of 2.56%, with an average tenure of 24 years. In the case of homes, the average interest rate was 2.53%, up from 2.47% a year ago, with the average tenure being 25 years.

27.3% on mortgage houses These were set at a variable rate last March, while 72.7% were signed to a fixed rate, one of the highest values ​​in the series (the percentage reached an all-time high of 73.8% in February).

Initially the average interest rate for mortgaging homes was 2.15% floating rate and 2.68% in case of fixed rates.