The Euribor for September closes with a provisional monthly average of, this is the highest since Continue reading the article to find out more. New rise in the. Euribor in September The Euribor, the most used reference indicator for variable rate mortgages in Spain, rises again in September . It ends the month with a monthly average of, after having registered its first drop since January in August. Compared to the previous month when the Euribor registered, it has risen slightly and close to two points in the last year if we analyze that it stood at in September Again, it returns to July levels , thus reaching its highest levels since the end of In just a year and a half, the Euribor has gone from being negative to reaching its highest level in years. This was driven by the ten consecutive interest rate increases carrie out by the European Central Bank (ECB). The objective of these increases in interest rates was to stop inflation, leaving the price of money at.
How will this increase affect mortgage review?
Despite the large increase in the benchmark index in this short period of time, the impact of the rise in the Euribor in September for those who have their mortgage reviewed will not be as strong as it was in previous months. During the first quarter of , the Euribor was in negative territory , so those who reviewed their mortgage loan taking the data Vietnam WhatsApp Number Data from January to March had to face increases in their interest rate of more than percentage points. However, today it will be less than two percentage points. The reason is simple, in September the ECB had already faced some rate increases and this was reflecte in the markets, and the Euribor already reache. Taking into account the current level of the Euribor, those who have contracte a variable rate mortgage and must carry out the review of their interest rate in September, will register an increase in their mortgage payment of approximately euros per month.
Will the Euribor continue to rise?
The Euribor in September was above in daily rate . This allows us to glimpse new increases in the short term. In fact, many forecasts indicate that it will be close to that level both in this year and in the next. Funcas places the annual Malaysia WhatsApp Number List average for at and for. BBVA Research does not rule out that it could reach in the following months. For its part, the consensus of experts collecte by the. Funcas Panel predicts that the Euribor will reach values. Above by the end of , this is two tenths more than what was forecast in July. It is likely that the Euribor will rise and then stabilize and fall again. In the next two years it will make this movement, and it may reach levels of by the end of It is logical that during. The next six months there will be increases in the prices. Of fixe and mixe offers of mortgage loans , since they are linke to this index. However, it should not amount to more than half a point in percentage terms.