Mortgages resume their upward trend, rising 2.3% in August, with interest rates surpassing 3%

Mortgages resume their upward trend, rising 2.3% in August, with interest rates surpassing 3%

The mortgage market shows a clear recovery in August, with sustained growth in both the volume of transactions and the amount of capital lent. This upturn reflects increased activity in home purchases, although it is accompanied by historically high average loan amounts and elevated interest rates that constrain access to credit. The composition of new mortgages indicates a growing preference for the stability of fixed-rate loans over variable-rate ones. Moreover, the significant rise in borrower subrogations suggests that homeowners are prioritizing the transfer of ownership over renegotiating with their banks, thereby altering the traditional dynamics of the residential financial sector. This development is relevant for open data, as it demonstrates the value of public statistics in analyzing complex real estate market trends. Free access to these data enables an assessment of the impact of economic policies and helps us understand how changes in credit conditions directly affect transparency and decision-making in the economic sector.

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