Today is the cultural section on the blog as it is just 82 years old, Antonio Machado He died in exile. What very few know is that he is that in addition to being one of the best poets that our country has produced, he was also a great fan of economics and often wrote poems on his mortgage. This is one of them that is quite little known.
Mortgaged, they are your footprints
the letters and nothing else;
Walker, there is no Euribor,
They are the types when walking.
And the Euribor makes the mortgage,
and looking back
you see the installments that never
they have to be paid again.
Mortgaged there is no Euribor
but months to amortize
And I can imagine the face poem that you will have left, but in this blog we have the best of the best, daily Euribor and culture section. Who gives more? At the moment we with the warm Euribor What will he have done today?
The most used indicator in mortgages in Spain begins the week repeating value at -0.494%, and it seems that it is definitely away from -0.5%, in this way it leaves the monthly average of February at -0.503% and is already above last month, However, this will mean a good reduction for the mortgages that they have to review this month.
The Euribor entered negative territory for the first time in its history five years ago, in February 2016, and since then it has not raised its head, sinking since last summer when it accumulated five consecutive historical lows, in August (-0.35%) , September (-0.41%), October (-0.46%), November (-0.48%), December (-0.49%) and January (-0.505%).
For several years many banks have had to pay interest to their clients (and they do not), specifically to those in which the sum of the difference plus the Euribor is negative and this month would correspond to all those who have a differential equal to or less than -0.5% (since it will close the month predictably at -0.5%) the OCU has started a campaign to claim that payment.
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