Which mortgage to choose in 2012: forecast interest rates. Variable, fixed or mixed: what type of mortgage to choose

The brick market in Italy today is certainly not the most flourishing: mortgage applications fell in the last months of 2011 and it's not better in the beginning of 2012. According also to the forecasts, we must wait until 2013 to see a recovery of the real sector.

Looking at what is happening in the market and interest rate trends, the Euribor, the rate familiar to borrowers who are repaying or are they going to take out a variable rate mortgage is below 1% (at 0.864%) on the a maturity of one month, and 1, 24% on 3-month and one at 3 months is expected to fall below 1% by March 2012 and then remained below 1% until September 2013.

Then should start slowly upward until you reach the 2.31%, then back under its historical average of 3%. But the question that recurs most aptly when someone is planning to take out a mortgage to buy your first home is on which type of mutual orientation. Of course, the variable is still the cheapest and with the forecast above it will be in the future.

But since the situation of the market is still uncertain and fluctuating, there are those who prefer the fixed rate. Maybe this type of mortgage is not proposing some affordable rate, is less than the required variable, but at least it provides a fixed monthly payment that whatever happens the market and the trend in interest rates will remain unchanged.

It is a type of mortgage that is best suited to those who just do not want to run any risk and want to sleep nights sleep. According to a recent survey, one of the conveniences of the moment is that of the mixed-rate mortgage, a mortgage in which the interest rate can change from variable to fixed (or vice versa) during the term of the contract, pre-maturity or to the fulfillment certain conditions.

The fixed-rate loans are given to those who can not decide, upon stipulation of the loan, if you choose a fixed or variable rate, but currently only 2% of people accessing the estimate calculator chooses to open a mixed rate mortgage, on estimates over 400,000 registered.

 

30/01/2012

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Translated via software

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Source:

Italian version of CercaGeometra.it