Between January and March there was a slight increase in fixed mortgage rates: this is a minimum growth, which however is worth dwelling on because it comes after more than a year of stability and because it could reflect the trend of the coming months. According to experts, in fact, it is likely that the increase will reach a quarter of a point by the end of 2021. There is no news, however, on the front of variable mortgages, with the Euribor index which remains around -0.56% and with average rates ranging from 0.62% for 10-year loans to 0.80% for 30-year loans. Inflation pushes upwards As in the United States, mortgage rates have also risen in Italy because investors expect a rebound on the inflation economy, which appears to have generally recovered. This is also the reason why medium and long-term loans are the ones that have been affected by the increase: the average rate has gone from 0.69% to 0.74% for 10-year mortgages, from 0.74% to 0.88% for those at 20 and from 1.02% to 1.26% for thirty years. On the monthly payment the impact of this growth is however very limited (for example, just over 10 euros on a loan of 100 thousand euros to be paid off in 30 years), so there remains the awareness that it is still an excellent time to start a mortgage, because rates remain at historic lows. The rise in interest rates will not cause mortgage applications to drop Although mortgage applications dropped by almost 20% in 2020, the fact that they reached 500,000 even in such a difficult time is indicative of the liveliness of the market, favored by rates at levels unthinkable until a few years ago. For 2021, experts expect a rise in demand, regardless of the slight increase in the fixed rate that will not have a negative impact on the market.

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