Annual average interest rate on new mortgage loans in Italy 2006-2022
The annual average interest rate on new residential loans in Italy more than doubled in 2022 - the second increase after a nine-year-period of consecutive decline. In 2022, the average mortgage rate stood at 3.01 percent, up from 1.4 percent the year before. The lowest interest rate was observed in 2020, when it stood at 1.25 percent.