Euribor Drops to 4.051%, Mortgage Payments Expected to Decrease

The Euribor in daily rate drops 17 thousandths to 4.051 percent. The four-day trading average for September stands at 4.056 percent.

If the indicator closes the month at this level, an average mortgage will pay around 200 euros when you review the mortgage.

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It moves away from the values ​​registered in July when the Euribor closed the average at 4.149 percent and the mortgage review went on to pay 300 euros more per month.

Experts believe that the Euribor follows the path of August, when it closed the month at 4.073 percent, despite the fact that the indicator has its sights set on what happens on September 14 with the ECB meeting.

What will happen to the Euribor in a week?

The ECB meeting on interest rates will be key to knowing the evolution of the Euribor. The market is in favor of a pause, but it is not clear. In fact, even some member of the Governing Council of the European supervisor, such as the Dutchman Klaat Knot, has stated that it is possible that investors are underestimating the possibility of a rate hike.

In this scenario, iAhorro does not rule out a rise of another 25 basis points in interest rates at the meeting on September 14. This could give another upward push to the Euribor.

The iAhorro spokesperson, however, qualifies that, although there is a new rise in September, this does not mean that it will be repeated every month.

From now until the end of the year, experts do not expect major changes for the Euribor, with slight rises and falls, along the same lines as in recent weeks.

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