Would you like to know the evolution of fixed interest rates for mortgages during 2017?

According to the information that credit institutions provide Banco de España, the average annual interest for loan transactions in Euro currency with a fixed interest rate to purchase a main residence was the following on each quarter of 2017:

First quarter: Modal annual nominal interest rate of 2.63%, resulting in an annual percentage rate of 3.08%.

Second quarter: Modal annual nominal interest rate of 2.59%, resulting in an annual percentage rate of 3.00%.

Third quarter: Modal annual nominal interest rate of 2.57%, resulting in an annual percentage rate of 3.00%.

Fourth quarter: Modal annual nominal interest rate of 2.58%, resulting in an annual percentage rateAbre en ventana nueva of 3.10%.

If you would like to know the information provided by each credit institution, click on Check website of financial services’ fees and interest ratesAbre en ventana nueva. Follow the path: most common financial services, public quarterly information, select the quarter you would like to check and, if you leave the box “credit institution code” blank, you will access all the information credit institutions have sent.

You may either check or download the declaration and on section A.1.1. you may see data on each credit institution.

If you would like further information on mortgage loans, click here.

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