Mortgages rose by 4.3% in February and the interest rate fell by 3% for the first time in two years

The number of mortgages on housing increased by 4.3 per cent in February compared to the same month in 2024, totalling 39,084 loans, the highest in a month of February since 2011, with an average interest rate that, for the first time in almost two years, dropped from 3 per cent, according to data released on Thursday by the National Institute of Statistics (INE).In particular, the average interest rate for mortgages on housing was 2.96 per cent…

At the national level, the number of mortgages on housing increased by 4.3 per cent in February compared to the same month of 2024, totalling 39,084 loans, with an average interest rate that, for the first time in almost two years, fell by 3 per cent.

The regions with the highest annual rates of variation in the number of mortgages on housing two months ago were Cantabria, La Rioja and the Basque Country, according to the INE.

Banks have granted 39,084 mortgages to buy housing in February 2025, 4.3% more compared to the same month of the previous year. In addition, with lower interest rates.

The number of mortgages on housing in Euskadi has grown 39.7% in February compared to the same month of the previous year, compared to a 4.32% increase at the national level, to a total of 2,402 operations and chains six months of growth. Compared to the previous month, the rise in this type of operations has been 24.1%, according to data published on Thursday by the National Institute of Statistics (INE).

The number of mortgages on housing constituted in Spain in February amounted to 39.084, 4.3% more than in the same month of 2024, which already accumulates eight months upwards, according to data published this Thursday by the National Institute of Statistics (INE) and collected by EFE. The average amount of a mortgage for housing was 157,018 euros, representing an annual increase of 16.2%, and the borrowed capital increased by 21.2%.As for the …