News: The fixed rate mortgages are 40% of the new loansBack
Last August banks gave 29.1% more mortgages than in August 2016 accordingly to INE. For the first time, the fixed rate mortgages were more than the 40% of given loans. More than 200,000 euros were given during the first 8 months of the year (so the mortgages granted have increased 12,9% this year). The average mortgage amount is 111,488 euros with a minimum interest rate.