Mortgages rose 4.3% in February and the interest rate fell from 3% for the first time in two years
The number of mortgages constituted on homes It rose 4.3% in February compared to the same month of 2024, until adding 39,084 loansits largest figure in a month of February since 2011, with an average interest rate that, for the first time in almost two years, fell from 3%, according to data released Thursday by the National Statistics Institute (INE).
Specifically, the average interest rate for mortgages constituted on homes reached 2.96% in February, compared to 3.08% recorded in January, thus reaching its lowest rate since February 2023, when it was 2.86%. With the setback up to 2.96% achieved in February, the average interest rate in mortgages on housing low of 3% after 21 consecutive months above this level.
According to statistics, The average term of housing loans stood in 25 years In the second month of 2025. With the February year -on -year advance, much more moderate than January (+11%), the mortgage firm adds eight consecutive months of increases.
The average amount of mortgages constituted on homes It rose 16.2% year -on -year in February, Until 157,018 euros, while the capital borrowed increased by 21.2%, to 6,136.9 million euros. 35.4% was established in February to variable type, while 64.6% did so at a fixed type, the highest percentage since February 2023. The average interest rate at the beginning was 2.73% for those of a variable type and 3.10% for mortgages on fixed type homes.
In an intermensual rate (February on January), housing mortgages increased 2.7% and the capital borrowed increased by 5.9%. For its part, The average amount of mortgage loans on housing rose 3.1% compared to January. In the first two months of the year, the number of mortgages for the purchase of a home has increased by 7.5%, with advances of 22.7% in the capital borrowed and of 14.1% in the average amount of the credits granted.
The communities that sign the most
By autonomous communities, which registered a greater number of mortgages constituted on homes in the second month of the year were Catalonia (7,333), Andalusia (7,089), Madrid (5,353) and Valencian Community (4,724).
Eleven communities signed in February More mortgages about homes than in the same month of 2024highlighting the interannual advances of Cantabria (+55.6%), La Rioja (+53.3%), Basque Country (+39.7%) and Andalusia (+20.2%).
The most moderate advances occurred in Galicia (+1.9%) and Asturias (+4.7%), while decreases occurred in Canary Islands (-38.7%), Navarra (-34.3%), Balearics and Madrid (-20% in both cases), Castilla-La Mancha (-4.1%) and Estremadura (-0.7%).
The total mortgaged farms rises 3%
According to the data of the statistical body, the number of Rustic and urban farms on rustic farms (Within the latter, homes are included) rose 3% in February compared to the same month of 2024, up to a total of 50,627 loans.
The capital of the mortgage loans granted 9.3% year -on -year grew in the second month of the yearto 8,571.9 million euros, while the average amount of mortgages constituted over the total farms increased by 6.1%, with 169,316 euros.
They rise 4.5% those that change conditions
Last February 14,042 mortgages changed their conditions, Figure 4.5% higher than the same month of 2024. Based on the class of change in the conditions, 9,923 novations (or modifications produced with the same financial entity), 12.9% less were produced. The number of operations that changed entity (subrogations to the creditor) was 902, 44.8% less than in February 2024.
For its part, in 3,217 mortgages changed the head of the mortgaged good (Subrogations to the debtor), multiplying by almost eight the figure of a year earlier. Of the 14,042 mortgages that changed their conditions in February, 75.1% were due to modifications to interest rates.
