The wise men have already arrived on the Euribor blog and they bring many gifts for the mortgaged people who have behaved well this year and did not change their variable mortgage for a fixed one. The veteran Baltasar Draghi has come, who does not want to miss a day as endearing and magical as this, along with the American Gaspar Powell and this year, as a novelty, a queen magician who is Melchora Lagarde is coming, leading the group of pages we have Haruhiko Kudora straight from Japan.
Because even if you are still unwrapping the gifts, probably the best of all will come with the mortgage review and it will come from their hand, so you can save them a piece of roscón, because today they deserve it.
The most widely used indicator in mortgages in Spain drops six thousandths in its daily rate to -0.509% until a new historical low, thus leaving the monthly average for January at the -0.506% (another all-time low) compared to -0.253% a year ago, this means that Those who have a review this month will experience a reduction in their fee of about € 5 for every € 50,000 they have mortgaged.
The Euribor entered negative territory for the first time in its history almost five years ago, in February 2016, and since then it has not raised its head, sinking since this summer when it has accumulated five consecutive historical lows, in August (-0.35%) , September (-0.41%), October (-0.46%), November (-0.48%) and the last one in December (-0.49%). However, it is likely that it has hit bottom and if nothing extraordinary happens we will see it all this year in the environment of -0.5% to -0.4%.
The European Central Bank (ECB) continues with no intention of raising interest rates, rather the opposite, although the pandemic on the one hand and the effectiveness of the vaccine on the other could destroy any type of forecast, the most logical thing would be that the The ECB will withdraw its stimuli little by little in the second half of 2021 and from there see the Euribor rise slightly.
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