The eurybor at twelve months it has already marked its definitive data for the year, which all those who have signed a variable mortgage must take into account and who must review it with the December reference. The index closed the month at 3.018%which will again make these loans more expensive.
This Friday, the mortgage reference rose by a few thousandths, up to 3.291%, but it doesn’t matter because Thursday already exceeded 3% of the monthly installment and today confirms it. A milestone in a year in which this index has skyrocketed, as it stands something that hasn’t happened since 2008.
And it is that although the twelve-month Euribor showed signs of moderation and, even, stagnation a few weeks ago, the last meeting of the types of European Central Bank (ECB) seems to have encouraged the index.
[El fuerte repunte del Euríbor en 2022 forzará a las familias a restringir su consumo durante el próximo año]
This data will inevitably lead to aa increase in the cost of variable mortgages of those customers who have a review with reference to December.
Thus, the installment of a mortgage granted for 150,000 euros at Euribor +0.99% over 25 years will become more expensive by over 260 euros per month, which is about 3,100 euros per year. All other things being equal, a €100,000 mortgage would increase by around €170 a month or €2,100 a year.
