Euribor Shows Signs of Stability as Rates Drop

The Euribor begins to glimpse a certain stability. In daily rate it registers 4.053 and falls with respect to its last value to 4.065 percent.

The listed 7-day average remains around 4.061 percent. The drop is consistent with the latest forecasts by experts who are confident that the indicator will not return to its summer highs.

Advertising

From XTB they point out that the Euribor is in the process of stabilizing around 4 percent due to expectations that the ECB will stop rate hikes in the coming months.

In Kelisto they point out that the monthly closing of the Euribor in August is still very far away, we have barely completed the first week of the month, but everything indicates that it will be the first month since December 2021 in which there is a drop in the 12-month Euribor at your average monthly rate.

The Euribor remains at maximums since 2008

The fact that the indicator is not at the values ​​of July, which closed the month at 4.15 percent, does not mean that it is moving away from its historical maximum for 15 years.

The Euribor daily maximum was on October 2, 2008 when it reached 5.526 percent.

Its historical minimum was -0.518 percent on December 20, 2021 and returned to positive on April 12, 2022. Since then it has been on an upward trend.

Still, despite easing the pressure for those with mortgages, a 25-year mortgage of 180,000 euros with an annual review will pay 270 euros more each month.

Advertising

If this news has been useful for you, sign up for our newsletters We won’t let you down! You can also add alerts from finanzas.com to your networks and apps: Twitter | Facebook | LinkedIn | Flipboard. And follow the best financial videos of Youtube.