The Euribor, the main indicator that are referenced most mortgages in Spain, has picked up twelve thousandths in daily rate and has been placed in 1.992%, bringing the monthly rate closed at 1.9% and expensive fees again of users in more than 600 per year.
The Euribor continues to trend upwards in the hope that the European Central Bank (ECB) interest rate rise in April, which, predictably, will spur the indicator upward.
The experts consulted by Europa Press feel that the index at its highest rate at 2.5% at the end of this year, because, despite the strong rally that has occurred in the first three months of year, will stabilize over the year.
For an average mortgage of 150,000 euros to 25 years with a spread of Euribor plus 75 basis points to who gets review in March, the monthly payment would be increased by about 53 euros, which would bring the increase for the year to 636 euros.
indicator March started with a daily rate of 1.7% and after a sharp rise in almost two tenths after the ECB president warning that more expensive borrowing costs next month , has been fluctuating downwards, which seems to have left behind.
Source: Europapress
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