Average mortgage rate up to 4.67% in August – Bank of Italy – English

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(ANSA) – ROME, OCT 10 – The Bank of Italy said Tuesday that
the average APR (annual percentage rate) on an Italian mortgage
climbed to 4.67% in August, up from 4.58% in July.


Monthly payments on variable rate mortgages have increased
significantly due to the European Central Bank’s interest-rate
hikes aimed at bringing down high levels of inflation.


The Bank of Italy said the average APR for consumer credit was
10.63% in August, up from 10.48% the previous month. (ANSA).