The Spanish Bank confirms the historical increase of the Euribor to 5,393 % in July
21.08.2008
The consumers with mortgages to variable interest who sign his contracts from now on until September 18 and few fortunados to who it touches the review in this term, will see increasing his monthly quotas, because the Spanish Bank has confirmed that the Euribor to one year climbed last month up to the highest level of his history, 5,393 %.
Those that check his mortgages with annual reference (on the Euribor of July, 2007, placed in 4,564 %), with an average contract-150.000 euros to 25 years - will have to pay 72 more euros a month or, what is the same, they have to think about an increase for 864 euros in the whole exercise.
More difficult it will be had by whom for whom the renewal is with regard to the Euribor of six months behind (4,349 %). This more accented difference will suppose confronting a major extra charge. In particular, of 90 euros a month, what supposes almost 1.100 euros a year.
A minimal consolation they will think in the cámino that the mortgage Euribor continues in the last days, thanks to the descent of the oil price and the prick of the expectations of a new increase of the official price of the money.
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