2023-08-30 12:23:06
Los mortgaged They haven’t had a good time in the last few months. He euriborthe index according to which the interest rates of the variable mortgageshas reached all-time highs and more and more people have more problems to pay the monthly payment of your mortgage. However, this August has been like a calm in the middle of the storm, and it is that the Euribor has given a truce to all those mortgaged.
Euribor truce in August
The Euribor closes August in the 4.072% average, much lower than the 4.149% registered last July. This represents the first month-on-month drop in 20 monthssince December 2021. At that time, the Euribor marked -0.502% and since then it has been increasing uninterrupted until now.
During this August, the Euribor has had lows of 4.045%whereas a week ago I was almost at the 4,2%. However, the mortgage payments will still not notice the relief, since a year ago the mean was much lowerat 1.249%.
Possible rise of the Euribor in September
Related news
He European Central Bank (ECB) meets the next September 14and a slight rise in interest rates. Experts predict a small increase on those dates, to then start a downward trend and expect that the Euribor remains between 4% and 4.35%. However, everyone agrees that the end of the Euribor rises is near and that it could already have reached its maximum levels.
Christine Lagarde, President of the ECB, spoke about what would happen after the September increase and revealed that there would be “perhaps a new increase in the guide rates, or perhaps a pause” and added that if this pause occurs, it would not be “necessarily of a definitive nature “.
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