Share

Gas bills down thanks to the mild climate and the collapse in prices but home mortgages towards 5%

Expensive energy is easing but the increase in ECB rates explodes the expensive home loan

Gas bills down thanks to the mild climate and the collapse in prices but home mortgages towards 5%

The exceptional Italian October festival with its decidedly mild climate and the drop in gas prices, which, after reaching the record level of 340 euros per megawatt hour, have dropped to around 100-120 euros, give relief to the bills which weigh on the shoulders of households and businesses which, virtuously, are tackling the high-energy emergency with saving behaviour. tomorrow theArera (the Energy Authority which since it changed its name few know what it is) will communicate the methane tariffs for families, VAT numbers and small businesses but there are good reasons to predict that the October gas bill will remain substantially unchanged and will exclude traumatic increases.

HOME MORTGAGE ALARM AFTER ECB RATES RISE

Instead it is the front mortgages alarming after the recent increases in interest rates by the ECB. The banking union launched the SOS Fabi, according to which rates are already above 4% and will probably soon break through the psychological threshold of 5% following the latest increases in the ECB. Especially since in recent days the President of the European Central Bank, Christine Lagarde, announced that the battle against inflation is not over and therefore there will be more hikes soon.

THE EXPENSIVE MORTGAGE IS NOT ONLY AN ITALIAN PROBLEM. IN THE USA THEY ARE AT 7%

It is not just an Italian problem but this does not console the families of our country who have taken out a mortgage for the property or who are thinking of buying a house: Italian mortgages are already higher than the European average, except for the Germany. Just think about it United States home mortgage rates are at 7%, the highest for twenty years, while applications for new loans to buy homes are plummeting.

comments