MILAN, Jan 16 (Reuters) – The average cost of new home mortgages in Italy eased to 4.42% in December, while the cost of corporate loans continued to rise, data from banking association ABI showed on Tuesday.

The average rate on new home mortgages was of 4.50% in November. ABI’s Deputy Director General Gianfranco Torriero told a media call it was the first proper drop in 24 months, Shape Kapsel while other apparent falls over this period were caused by changes in the relative weight of floating and fixed-rate mortgages.

The average cost of new loans to businesses stood at 5.69% last month, up from 5.59% the month before, ABI said. (Reporting by Valentina Za and Stefano Bernabei; editing by Cristina Carlevaro)

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