Christine Lagarde, the president of the European Central Bank, has dropped that in July we are going to raise interest rates. It is not new, Luis de Guindos already anticipated it. And through the rearview mirror we are seeing what is happening in the United States, which has the higher rate of inflation in 40 years: 8.3 in April (similar to ours, which stood at 8.4). There the treatment is being very traumatic: the Federal Reserve has already raised rates twice and is expected five more raises throughout the year.
What to do if you are going to take out a mortgage?
Here they tell us that the increase in rates is going to be more gradual, less abrupt, but if you are thinking of hiring a mortgagethe experts recommend that we contract it for a fixed term, and if we already have it and we have years left before expiration, the advice is to subrogate it, that is, change the bank if they offer us better conditions.
Calculate that the mortgages will rise on average 300 euros a year And to all this we must add the costs of the gas rate, electricity, fuel… something to take into account.
–
