After five years with the Euribor on the ground, the dreaded banking word has reappeared in the Spanish economic dictionary. And he has done it with force, going from 0 to 100 in a few seconds. Actually, from -0.5% at which it was at the end of 2021 to more than 3.6% at which it is trading these days. The escalation is not trivial, because each additional point implies that mortgage payments soar.
In the third installment of ‘The clear accounts’ we address what is the cause of this situation that has directly impacted household budgets; we analyze what are the alternatives to deal with these increases; and we expose how an always complex market such as mortgages works.
