He has no debts, his contract is fixed, he has a net income of 1,300 euros per month, his payment history is perfect… but he works at MediaMarkt. “They denied me a mortgage because of my profession, despite being permanent and having seniority,” says Raúl Teba, a young man looking for a flat to buy … Read more
Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 6.39%. “The 30-year fixed-rate mortgage averaged 6.39% this week as it economic headwinds have kept rates within a ten-point range basics over the last few weeks,” said Sam Khater, chief economist at Freddie Mac. “After … Read more
He high house price It is one of the strongest barriers that prevent our children from ‘leaving the nest’ and buying not just the house of their dreams, but a decent place to live. According to data from Fotocasa, an 80-square-meter flat in Spain today costs an average of 166,880 euros, something that is not … Read more
They would cover people up to 35 years of age and families with incomes of less than 37,800 euros per year. The aid will be for the purchase of the first home. The cost will be 0 euros for the beneficiaries, and it can be requested until December 31, 2025, with the possibility of being … Read more
Housing has become for weeks one of the main electoral drivers of the municipal and regional pre-campaign. The agreement to unblock the first democratic housing law in Congress was the first step on a path that has led the Prime Minister, Pedro Sánchez, to star in numerous announcements on this matter in recent days. Among … Read more
The Minister for Transport, Mobility and the Urban Agenda, Raquel Sánchez, responded this Monday to criticism from United We Can about the creation of a line of guarantees through the Official Credit Institute (ICO) to guarantee 20% of the mortgage of a first, and he explained that this measure should be understood “as an articulation … Read more
Saturday, May 6, 2023, 11:28 p.m. comment copy link WhatsApp Facebook Twitter LinkedIn Telegram Can the financial institution charge you a commission for opening a mortgage loan? Is it mandatory to pay the bank for the opening of a mortgage? Who assumes the payment for opening a mortgage loan file? There are many doubts that … Read more
Taoiseach Leo Varadkar has suggested the reintroduction of mortgage interest relief in this year’s budget, in a move that is likely to face significant opposition within the government. Officials in the Department of Finance are expected to resist the measure, as are Finance Minister Michael McGrath and Minister for Public Expenditure Paschal Donohoe. Nonetheless, there … Read more
If what he intended European Central Bank with the rise in interest rates was to curb the demand for credits and mortgages On the part of companies and households (as an intermediate step to reduce demand and inflation), it seems that it is achieving its objective, and with flying colors. The banks are hardening their … Read more
Mortgage rates have been steadily on the rise over the last year as central banks grapple with high inflation. Despite a gradual decline, inflation remains stubbornly high, prompting another expected increase in the European Central Bank (ECB) refinancing rate. Currently at 3.5%, the rate that affects tracker mortgages is expected to climb to 4% this … Read more