2024-09-30 19:26:32
After long and endless months of increases, finally a few months ago mortgages begin to give rest to those who have it type variable. Because after almost two years with the Euribor sky high, among them the highest levels for ten yearsthe trend has started to change even from this summer. And this September is no exception, as it will end with a new drop.
In this way, the index by which variable rate mortgages are regulated closing the month at 2.94%. This means that, with an average deposit with an annual review, The price will be about 105 euros less each month (compared to a year ago)which throughout the year stands a Nfi of more than 1,200 euros (for a total loan of 150,000 euros)an amount that will help the borrowers. This is the first time in two years that it has dropped below 3%.
Although the increase in rates began Shortly before the start of the war in Ukraine (February 2022), a few months later, it went up to the limits of uncertainty at that time. In September of that year the increase from 1.25% to 2.23% (almost twice). Since then, there have been repeated increases until November of last year, when some rate reductions began.
With this September they are already here The Euribor has fallen for six consecutive monthsalthough this time it is the second largest by far this year. On this occasion, you are encouraged by the positive future expectations about interest rates that the banks set, because there are predictions that they will fall more than expected a month ago.
Hope for new drops
This, along with additional positive data in Europe and a change in monetary policy in the United States, has led to a change in what Until recently it was a top trend. And, moreover, experts believe that this the positive outlook will continue in the coming monthsso variable mortgage rates may continue to fall.
“Euribor is falling faster and faster than expected months. Starting in July we have seen a clear turning point in the indicator trend, which has changed its course completely“Explains Simone Colombelli, director of Mortgages at iAhorro.
Related news
In the case of a mortgage of 150,000 euros, with a difference 0.99% on Euribor and a 30-year amortization, this annual update will mean a significant reduction, amounting to 106 euros per month, going from 818 to 712 euros.
Follow them Diario AS channel on WhatsAppwhere you will find all the sports in one place: the current news of the day, the agenda with the latest news of the most important sports events, the most important pictures, the plan of the AS signs the best, news, videos, and some humor from time to time.
#Euribor #falls #affect #mortgages