The Central Bank of Luxembourg has prepared its new report that features the evolution of interest rates of home loans for households in the Grand Duchy.

This report shows figures for the month of August compared to July 2017 and several changes are to be noted.

The variable interest rate declined by 2 points within one month reaching 1.63% in August 2017.

The fixed interest rate was less affected by this change and remains stable with 1.86% in August against 1.87% in July 2017.

The interest rate on consumer loans has changed significantly, recording a drop of 19 points within one month, reaching 2.54% in August 2017.

In general, variable interest rates on consumer loans and mortgages, compared to August 2016, have decreased, while the fixed rate for mortgages is higher with 1.86% in August 2017 against 1.61% in August 2016.

For more information, please see the full report of the CBL.

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