THEn an economic panorama characterized by rapid uncertainties and changes, too The mortgage market is located, again, in front of a turning point which could redefine the choices of applicants in the coming months. After a period of strong instability, in fact, linked to the surge of rates between 2021 and 2023in response to the increase in inflation, which brought the monthly installments of those who had chosen the variable rate to increase consistently, Now the same seems ready to return competitive compared to the fixed.
Mortgages, rates: the variable is about to return to the fixed guy?
It is known that, historically, The possibility of keeping the monthly mortgage installment stablehas always involved a greater cost. The extraordinary conditions of recent years, however, have reversed this logic, leading the fixed to be more advantageous. Now, something is changing again: according to estimates of Mutuionline.itIndeed, This “anomaly” could reach the end by the summermarking a return to what has always been the condition of balance in the sector.
The dominance still remains of the fixed
Despite the still evident dominance of the fixed (99.6% of the requests in the first months of the year), Analysts provide that the differential between the two rates will continue to reducepushing many borrowers to reconsider the variable as a valid option. It must be said that, however, these variations do not depend only on the trend of international markets, but also from the commercial strategies of the bankswhich favor different financial solutions from time to time.
After years of domination of the fixed rate, the variable seems ready to return competitive. (Getty Images)
Compare to save
A crucial element to orient themselves in this evolution context, It is the comparison between the offers available. The most competitive rates on the market, in fact, can guarantee significant savings compared to the average. The difference in the basic points between one and the other, It can make the fortune of those who take time to evaluate different proposalsperhaps using digital tools such as online comparators, which make the analysis process much more agile.
Because green mortgages are convenient
A further savings opportunity concerns the so -called “green mortgages”designed to finance the purchase or renovation of energy efficiency properties. This type of mortgage allows you to obtain better conditionswith a rate of the rate greater than 40 basis points compared to traditional solutions. And, in addition to the economic benefit, A positive impact on the environment is also promoted.
More subrogations, but always wins the mortgage for the first home
Among the most interesting dynamics of the current market, There is also the Boom of the subrogationswhich make it possible to renegotiate more favorable conditions than those signed in the past. Today, represent 37.1% of total mortgage requestsincreasing compared to the same period of the previous year. Despite the increase, however, mortgages for the purchase of the first homecontinue to represent the absolute majority of requests, with 53.9% of the total.
Mortgages: the duration of the loan grows
The average duration of funding is also growingwhich stands at almost 25 years, and increases the loan-to-value, or the percentage of the price of the property covered by the mortgage. This indicates a greater propensity for debtprobably caused by economic uncertainty and by the difficulty of salaries in keeping up with inflation.
A recovery with lights and shadows
The evolution of the mortgage market, without a shadow of a doubt, a reflection of the wider economic dynamics. On the one hand, signals of recovery and normalization are glimpsedon the other, the Italian families continue to confront a context of uncertainties and difficulties. It is certain, however, that if the variable rate will really return to dominate, as expected, this could open new opportunities for those who intend to buy a house or renovate a property. In any case, The password for the borrowers remains “caution”.
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