The interest rate of all mortgage loan contracts fell again in December, what happens for the fifth consecutive month to 1.365%, 0.036 percentage points less than in the previous month, revealed this Thursday National Statistics Institute (INE).
The interest rate of the fall of all the contracts reflects the decline in Euribor rates, which have renewed successive record lows.
But the loans contracted in the last three months have revealed an upward trend, to 3,022% against 2.994%, to reflect the application of spreads (trading margin of banks) higher in order to compensate for the low value of the reference rate.
The INE data show that the average loan repayments of all the contracts fell by one euro to 255 euros.
In the contracts made in the last three months, the average loan was 350 euros, against 330 euros in the previous month. The increase in the provision is explained by the increase in capital amortization component.
With regard to the value of the average amount outstanding for the whole of the mortgage loans, stood at 56,664 euros in December , 129 euros less than the previous month and the second largest decline since September 2011, the month that started the current trend of reduction.
Now in contracts concluded in the last three months, the average value of amount outstanding stood at 79,617 euros in December (79,958 euros in November).
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