Mortgage interest rate (fixed up to one year) in Italy 2016-2023, per quarter
The mortgage interest rate for mortgages with initial fixed period rates up to one year in Italy decreased overall between 2016 and 2021, followed by a spike in 2022. In the second quarter of 2023, the rate stood at 4.47 percent, up from 1.39 percent the year before. In the same period, the gross residential mortgage lending in Italy amounted to around approximately 19 billion euros.