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Bank of Italy: the wear rate decreases to 7.46% for fixed rate mortgages

Posted: 29 December 2016

The wear rate threshold for fixed mortgages falls to 7.46% for the quarter from January to March compared with 7.8% in the previous quarter.

It is indicated by the Bank of Italy on the basis of the average rates of charge recognized in the third quarter of 2016.

The wear rate threshold for variable-rate mortgages instead grows to 7.15% from 7.12%.