Data from the Bank of Spain The Bank of Spain is a public law entity that performs the function of national central going through their bank in the country . On the other hand, it is also to supervise the Spanish banking system and other financial intermediaries operating in Spain. The main objective of the Bank of Spain is to achieve price stability and financial stability, thereby promoting stable economic growth. On the other hand, it contributes with its analysis to the formulation of other economic policies. The Bank of Spain is also responsible for compiling, preparing and publishing a wide set of economic and financial statistics to the functions to it in the Autonomy Law and as a member of the European System of Central Banks (ESBC) and, in addition, the by the National Statistical Plan . This is an activity that is out following the principles by the ESCB’s Public Commitment on European Statistics.
What is the mortgage outstanding balance?
When we talk about outstanding balance we refer to the result of subtracting. The repayments of already mortgages from the amount of new mortgages. In other words, those that have already been paid. The outstanding balance of mortgages in Spain has been in contraction for eight months. Reaching its worst level since February in March. On the other hand, the portfolio is still far from the UAE Email List more than billion that it in. In framework of the financial crisis and the real estate bubble of those years. The month of March with new mortgages worth , million , which implies an improvement of if we compare it with the previous month. Which is , million more in absolute terms. To March , the decrease was . Due dates in March By maturity period in March , the majority of operations, , were with a maturity period greater than years, which is equivalent to , million euros. On the other hand, mortgage loans that were with maturities between and years stood at , million euros, which is of the total. of the mortgages that were were out with a term of less than one year, reaching , million.
The price of new mortgages
With respect to the price of new mortgages , the weighted average interest rate. Leaving aside the related expenses (TEDR) of the new operations, was in its average . In this way, they are the highest rates for the shortest terms . On the other hand, for terms Cambodia Phone Number List exceeding years, it stood at , which is basis points more than in January. In March , mortgage loans of more than years were at an average rate of . This increase implies a significant increase in the price of mortgage loans. With an effective fixed rate of , a mortgage loan of , euros to be repaid in years and without carrying out early repayments , implies a disbursement of , euros of interest. With a rate of , the interest payment increases to approximately , euros. On the other hand, with respect to the average rate of outstanding balances, it stood at , which is basis points more than in the month of February. If we compare it with that of a year ago, the average rate has risen by points.