Interest Rates: Immediate Rates (< 24 Hours): Prime Rates: Total for India
Annual
IRSTPI01INA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.57
Year-over-Year Change
-7.80%
Date Range
1/1/1990 - 1/1/2023
Summary
The Annual Interest Rate for Mortgage Loans on Single-Family Homes in Italy tracks the average mortgage rate for new home loans in Italy. This metric is a key indicator of credit conditions and housing affordability for Italian consumers.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Annual Interest Rate for Mortgage Loans on Single-Family Homes in Italy represents the average interest rate charged on new mortgage loans for single-family homes. This rate reflects the cost of credit and can signal changes in monetary policy, lending standards, and consumer demand in the Italian housing market.
Methodology
The data is collected and reported by the Bank of Italy based on survey responses from mortgage lenders.
Historical Context
Analysts and policymakers monitor this interest rate trend to assess the impact of monetary policy on housing affordability and credit access for Italian households.
Key Facts
- The annual mortgage rate in Italy averaged 2.4% in 2021.
- Mortgage rates in Italy have declined by over 3 percentage points since 2008.
- Italy's mortgage market is largely dominated by variable-rate loans.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average interest rate charged on new mortgage loans for single-family homes in Italy.
Q: Why is this trend relevant for users or analysts?
A: The mortgage interest rate is a key indicator of housing affordability and credit conditions for Italian consumers, which is relevant for economists, policymakers, and real estate analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Bank of Italy based on survey responses from mortgage lenders.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this interest rate trend to assess the transmission of monetary policy and its impact on the housing market and consumer finance.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a relatively short lag, making it a timely indicator of mortgage market conditions in Italy.
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Citation
U.S. Federal Reserve, Annual Interest Rate for Mortgage Loans on Single-Family Homes in Italy (IRSTPI01INA156N), retrieved from FRED.