A Bank of Finland press release reports that the average interest rate on new housing loan drawdowns rose to 2.08% in August, up from 2.03% in July.
A total of EUR 1.5 billion worth of new loans were taken out in August, which is 1.0% more than in July 2010 and 20% more than in August 2009.
A typical housing loan drawn down in August was tied to the 12-month EURIBOR and had a maturity of 20 years.
The stock of monetary financial institutions’ housing loans to households amounted to EUR 75.0 billion at the end of August.
