Rise in Interest Rates Prompts Increase in Mortgage Loan Cancellations and Decrease in Savings in Extremadura

Rise in Interest Rates Prompts Increase in Mortgage Loan Cancellations and Decrease in Savings in Extremadura

In the same way that the progressive rise in interest rates that has been experienced over the last few months has meant that the constitution of new mortgages in Extremadura has been tending downward, this same circumstance is also causing the cancellation of mortgage loans is registering just the reverse trend. In this way, the … Read more

The 12-month Euribor Surpasses 4%: Variable-Rate Mortgages to Become More Expensive

The 12-month Euribor Surpasses 4%: Variable-Rate Mortgages to Become More Expensive

The 12-month Euribor continues to put pressure on those who have taken out a variable mortgage. The index has closed June above 4%, specifically at 4.007%, after 18 consecutive increments. The main mortgage index in Spain thus stands at its highest since November 2008, which will make variable mortgage payments more expensive in more than … Read more

“Euribor reaches new highest level since 2008, increasing mortgage payments”

“Euribor reaches new highest level since 2008, increasing mortgage payments”

The twelve-month Euribor, the most used indicator in Spain to calculate mortgages, closed the month of May with an average rate of 3.862%, a new maximum since 2008 and, although it has slowed down its rise compared to previous months, it is becoming more expensive again the installments of these credits. In the month of … Read more

By 2022, Spain will become the third European country with the highest number of mortgage novations and subrogations, accounting for 35%.

By 2022, Spain will become the third European country with the highest number of mortgage novations and subrogations, accounting for 35%.

35% of the mortgages in force in our country underwent changes during the year 2022, eight points above the data registered in 2021 (27%). Only in Ireland (44%) and Slovenia (42%) were more novations or subrogationsaccording to data published by the European Central Bank (ECB) and the European Mortgage Federation (EMF), and collected by the … Read more

The fine print of Calviño’s mortgage ‘aid’: it leaves out the middle class and makes loans more expensive

The fine print of Calviño’s mortgage ‘aid’: it leaves out the middle class and makes loans more expensive

The Government has returned to demagoguery with mortgages and has done so, in a hurry, with night and trying to divert attention on the controversies that rage against the Executive, thanks to the modification of the crime of sedition and the famous law of the only yes is yes that gets rapists out of jail. … Read more