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Variable Home Loan Holders Bear the Brunt of Rising Interest Rates: Relief Expected in 2024

The unstoppable increase in interest rates has had first-rate victims in all those people who own variable home loans and that they are having to put up with significant monthly increases in the fees they pay for them while they anxiously await a change of course that neither comes nor will come, at least, in the remainder of the year.

According to him Funcas panelit will not be until January 2024 when those who update their mortgages twice a year will be able to notice a decrease in their monthly payments, a relief from which those who review them only once a year will not benefit, if the forecasts are met, until next April as soon.

The European Central Bank (ECB) “will about the goal“to achieve a 2% inflationhe declared on Sunday in an interview with the French newspaper Le Figaro Christine Lagarde, president of the European issuer who, however, was not blunt about the speculations around a break about the rise of types after September: “Maybe there will be a new increase in the guideline rates, or maybe a pause.”

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In addition, Lagarde added: “A pause, whatever the date, in September or later, would not necessarily be definitive.”

The rise of the prices in the euro zone It has been slowed down in recent monthsbut still at a high level 5.5%, according to June figures.

2023-08-09 10:13:09
#Bad #news #mortgage #happen #April

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