/nginx/o/2022/11/03/14938561t1hbf0d.jpg "“For some, interest payments have already doubled.” Will Loans Get More Expensive?")
For many years, borrowers mostly paid attention only to the interest rate offered by the bank, because the mystical EURIBOR included in the payment calculation has been 0% or even negative for some time. However, since September of this year, in hopes of curbing high inflation, global central banks, including the European Central Bank (ECB), … Read more
This feature is for subscribers only subscribe Households are increasingly concerned about rising prices and wages that do not rise. And with the Euribor rising over the past six months, people like Domingo will have to pay extra money when they review their mortgage. In his case, he calculates that about 100 euros more per … Read more
/cloudfront-eu-central-1.images.arcpublishing.com/larazon/V7JHNRMDQ5F2XNQQ3MKQWVYYA4.jpg "The Euribor almost doubles in September and will make new mortgages more expensive by € 2,800")
The euribor gives no respite The hikes in interest rates announced by the European Central Bank (ECB) and the Federal Reserve (Fed) to contain inflation continue to fuel the main reference index for variable mortgages, which are the majority in Spain. Just two days after the close of the month, the Euribor already exceeds daily … Read more
/cloudfront-eu-central-1.images.arcpublishing.com/larazon/RKVDHBKKWNBKPK5XWJ5QIMQDNI.jpg "The Euribor reaches 2.5% daily and expects a historic rise in mortgages")
The Euribor has no roof. The indicator to which most variable rate mortgages in Spain refer continues to break record after record. Its new milestone was marked this Friday, reaching 2.5%, a level that had not been touched since January 2009, after the central bank rate revisions in recent days. With this new wave, the … Read more
Something is cooking in the interbank market. The Euribor 12 monthswhich measures interest on wholesale loans at that term, goes up this Wednesday until 2,416%7.8 basis points (pb) more than Tuesday and the highest level since January 22, 2009. Shorter maturities have also increased significantly. The Six-month Euribor reached 1.76%, while that of three monthsmore … Read more
/cloudfront-eu-central-1.images.arcpublishing.com/larazon/CTO5SRR65FDQVJCWPTQII7BVQY.jpg "The mortgage already requires one in four euros of salary in Castilla y León")
Right now, Castilians and Leonesi now have to allocate a quarter of their land every month to pay the mortgagealthough the increase in interest rates comes from the new monetary policy of the European Central Bank will increase this percentage, unless compensated by an increase in salary. On average, the home loan represents a monthly … Read more
Evolution of desire fees in Spain The voice – What does this indicate in apply? Let us consider an example. A spouse and children that has taken out a personal loan of 150,000 euros at a variable price, with a distribute of 1% on the euror, and which will have to revise the curiosity next … Read more
The twelve-month Euribor, the most widely used indicator for calculating mortgages, continues rampant in June, a month that has closed at 0.852%which represents its highest rate since August 2012. The average rate for June represents an increase of more than half a point compared to that of May (0.287%) and slightly more than 1.3 points … Read more
The twelve-month Euribor, the most used indicator to calculate mortgages in Spain, continues with its strongly upward trend, and will close June at around 0.8%which will be its highest rate since August 2012. Although there are still several sessions to go until the end of the month, the Euribor reaches a provisional rate of 0.806% … Read more
It is one of the main concerns of the Spanish: What will happen to my mortgage with the Euribor rise? Those who have their mortgage loan at a variable rate and referenced to the Euribor plus a differential, will already notice the rise and will do so in a remarkable way. In just six months, … Read more