Average rate for new mortgages down to 3.56% in June - ABI

(ANSA) - ROME, JUL 13 - The average rate on new mortgages fell to 3.56% in June, down from 3.61% in May 2024 to stay on a downward trend after reaching 4.42% in December 2023, Italian banking association ABI said on Saturday in its monthly report.
    ABI said the market was stabilizing after rates started to come down at the end of last year in anticipation of June's cut by the European central bank.
    It said new loans to businesses dropped 5.25% in June from 5.38% in May and 5.45% in December 2023. (ANSA).