Euribor punish again mortgaged. The subject index to most of the credit on Thursday marked a new high (2.128%) and closed the month with a new record, 2.083%, the highest monthly average since February 2009. With these data and failing to close one day in April, and experts estimate a rise of 60 per month on the mortgage (about 720 per year).
The picture, however, can worsen even more by the end of the year . Analysts estimate that 2011 closed with an average rate of 2.5%, four tenths above the current data. Something that does not lose sight of the experts to see what time way to really affect this rise to the English families.
The English Mortgage Association ruled that increases in mortgage payments in the short term may affect the payment capacity of households, while recognizing that the effects themselves will be "very negative" medium term. For its part, the General Association of Consumer (ASGECO) recalled that since the beginning of the economic crisis in Spain has produced 200,000 foreclosures again called for urgent measures to indebted households. Caen
credits
Meanwhile, mortgage lending continues to fall. According to data released by the National Institute Statistics (INE), last February there was a decrease 8.8% over the same month last year. The 50,361 mortgages were signed did so with an average amount of 122,749 euros, 4.1% higher than February 2010.savings banks (50.8%) were granted more credit entities, followed by banks (37.2%) and others (11%).
affects 9 out of 10 credits
Last February, according to INE data, 91.1% of mortgages were signed did so with the Euribor, which live outstanding million English month as benchmark. The average interest rate included in the constitution of those mortgages was 3.71%.Source: 20minutos.es
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