Does Pontiac Aztec Have Tent?

MORTGAGE. Prices down: it's time to buy?

House prices and mortgage rates declining. With the housing market continues to fall, increasing the temptation: it's time to buy or wait? And, if so, better to focus on fixed rate - ever so low - or rely on variable? Given that this is closely related to the choice of the individual situation, try to see which scenario will be setting up.

down prices, but the recovery is close

According to the latest report of Nomisma research center in the first quarter there was a decrease 12.5% \u200b\u200bof trades over the same period of 2008 and a third from two years earlier, ie on the eve of the crisis. Has lengthened the time of sale, coming in at 6.1 months for homes and 7.6 months in office. Meanwhile, house prices fell by 3.7% year on year with regard to new homes, 3.4% used on the front and 2.1% between departments. All of these data is read by analysts in two ways: first, there is less money in the pockets of Italians, so unless you conclude contracts. Families, over the past year, have saved more than in the past, both in Italy and abroad: an attitude of protection than the fear of the continuing economic crisis. But who has them the money, does everything possible to prolong the negotiations to purchase or waiver, in the hope that the descent continues. Sifting through the relationship of Nomisma it turns out, however, that the worst should be behind us. The year 2010 promises to be a non-boom years, but analysts see a stabilization in the next, with the possibility of slight recovery.

Interest vivo brick

In a context of general uncertainty, reveals the research, you turn on the potential interest in respect of the brick, always been considered the safe haven par excellence. The percentage of families who expresses interest in buying a house in the next two years stands at 14.6% (which covers some 3.5 million families rise to over 7 million if we add those "little interest"). Who buys a house in recent months, it becomes more and more with its own resources (30% versus 20% a year ago) and drawing on resources in debt. So, the money once earmarked for actions and mutual funds, now mostly end up buying the house.

options of mutual

For the remaining 70% of the population remains the option mortgage. The three-month Euribor, which is the rate that most banks apply for variable rate mortgages - and then add the spread, which is their income - has dropped to below 1%. This is the lowest ever. The same applies to the Eurirs (indicator of the fixed rate), which runs around 2.7%. A significant difference, which is pushing many families to prefer the variable option. MutuiOnline Observatory show that this option was preferred in the first half of the year by 49.2% of borrowers, compared to 17.2% in the second half of 2009. The figure of mortgages granted begins to reflect the trend towards variable rate beginning with the descent rate of interest: disbursements of variable rate mortgages reached 34.5% of total

At this point you just have to choose, remember the basic principle: those who opt for fixed rate installment already know today that will pay for all term of the mortgage, so be prepared to pay a surcharge. Going on variable save money, but must take into account possible increases when you get a return, with the consequent increase in interest rates by the ECB.

of Luigi Oil

source: http://it.biz.yahoo.com/mutui/articoli/mutui-acquisto-casa/