According to the Bank of Italy, in July the annual percentage rate of charge (APRC) on new mortgages to households for buying a home was 3.81%, down from 3.95% in June.
The share of variable-rate mortgages, or mortgages with a rate fixed for no more than one year, rose to 29.0% of new contracts, from 19.9% the month before.
These are July figures, published in September: banks' offers on the date of an application may differ, and it is worth comparing more than one.
| Indicator | June 2026 | July 2026 |
|---|---|---|
| Average APRC | 3.95% | 3.81% |
| Share variable or fixed up to one year | 19.9% | 29.0% |
Source: Bank of Italy, Banks and money: national data, 9 September 2026.
Sources
Where the data, rules and figures quoted here come from.