MADRID, 31 Ago. (EUROPA PRESS) –

The number of mortgages constituted on homes fell by 21.9% last June compared to the same month in 2022, to a total of 33,478 loans, with an average interest rate that continued to rise, reaching 3.19%, its figure highest since April 2017, according to data released this Thursday by the National Institute of Statistics (INE).

With the year-on-year decline in June, the home mortgage firm has chained five months of negative rates, although June’s has moderated by almost two points compared to that registered in May (-24%).

The average amount of mortgages constituted on homes fell by 0.7% year-on-year in the sixth month of the year, to 143,796 euros, while the capital lent decreased by 22.5%, to 4,814 million euros.

After the rise in interest rates agreed by the central banks to try to contain inflation, the average interest rate for all mortgage loans stood at 3.50% in June, its highest figure since November 2014, with an average term of 23 years.

In the case of homes, the average interest was 3.19%, its highest value since April 2017, with an average term of 24 years. Compared to a year earlier, the average interest rate for housing loans has increased by 1.37 points. It is the third consecutive month in which the interest rate exceeds 3%.

40% of the home mortgages were established last June at a variable rate, while 60% were signed at a fixed rate. The average interest rate at the beginning was 2.84% for variable-rate home mortgages and 3.45% in the case of fixed-rate ones.