The Euribor continues with his downward gust after the Thursday increase
21.02.2009
The small fright that gave on Thursday was only a mirage. The Euribor, index to which most of mortgages are indexed, I return to his downward footpath that comes manteriendo during more than four months and that suddenly I alter the previous Thursday after suffering a light increase of two thousandth, up to 2,085 % from 2,083 % that it marked on Wednesday day.
In the last weekly meeting, the type most used for the calculao of the mortgage loans in Spain descended again up to concentrating on 2,074 % in his daily quotation. Thus for lack of five meetings to finish the month, the February average is located in 2,163 %, what it places to the Euribor in levels next to July, 2005, when it closed in 2,168 %.
Nevertheless, this average is more than two points lower than the registered one in the same month of last year (4,349 %), therefore the quotas of the mortgage loans that are checked in the next weeks will register a descent matter for yourself.
With the current monthly reference of the Euribor, a mortgage comes up of 150.000 euros to 25 years with annual review and a differential of 0,50 points on the Euribor might get cheaper in nearly 200 euros a month, what would suppose a saving for 2.400 euros in the whole annuity. If the review is every six months, the monthly quota would go down up to 260 euros and more than 1.500 euros to the semester.
The analistasfinancieros augur that the Euribor will keep on descending in the next months, cheered up partly, for the possible descent of the interest rates that the European Central Bank (BCE) might decide in his meeting of March.
The cause of the increase registered Thursday assumed to an increase of the suspicion on the interbank market, after the reduction of the credit qualification of Spain and the opening of records on the part of Brussels for his high deficit, which can get dearer and make difficult moreover the financing of the entities.
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