The new ECB cut, from 3% to 2.75% for deposits and 2.9% for the main refinancing, brings further savings for those who have signed a variable mortgage and provides oxygen to the market which sees further moves on the horizon by the Central Bank of Frankfurt, bringing rates below 3% against 3.76% average for the fixed and 2.45-2.83% of the variable observed in January.
A movement that could bring, after years of strong gap and an undisputed domain of the fixed rate for new mortgages, to a rebalancing with the variable. As Mutuionline.it writes “for the mortgage market, today’s decision represents excellent news. The 1 and 3 months Euribor rates, or the reference indexes on which those of variable mortgages are calculated, have already started to descend during the first weeks of the new year and are destined to fall further following the officer of the cut from part of the ECB ». “Already in the second half of 2025 a rebalancing with the variable could be reached, offering consumers an even wider range of options».
And for the banking union FABI on mortgages have already decreased at an average of 3.23% in November, compared to average levels exceeding 5% in 2023 and could drop below 3%. “Since the beginning of 2024, the banks, in anticipation of a return to a less restrictive monetary policy by the Eurotower, have anticipated the expected reduction in rates and the descent could continue in the coming months. Hence, significant advantages for families, both to buy a house and to buy cars or appliances ». Already now, however, with the decision of the ECB, the installment of a variable becomes lighter. Still Mutuionline calculates that thanks to the Central Bank’s decision, a borrower pays 19 euros less for a total saving up to 4,700 euros on the interest of a 150,000 euro mortgage lasting 20 years.