This is an increase of 0.2 points over the October figure. Meanwhile, residential mortgages grew 4%, in their best September since 2010.
Euskaraz irakurri: Euriborrak is a motel of Azaroan, about 2.829% per day
The euribor at 12 months has continued to increase November 2022closing with one average level of 2.829%what does one mean 0.2 point increase compared to the October figure, although that is the case moderate Your progress.
In October, this index, which most variable rate mortgages in Spain refer to, stood at 2.629%, an increase of 0.393 points. However, between January and November, the Euribor has already gained 3.3 points, remaining at its highest level since December 2008, when it closed at 3.452%.
If the monthly closing of 2.8% is confirmed, a person who has taken out a 30-year variable mortgage of EUR 150,000 and with a differential of 0.99% plus Euribor will have an increase in their mortgage payment of approximately EUR 251; that is, they would go from 448 euros per month to 700 euros after the revision, which corresponds to an increase of 3,000 euros per year.
Mortgage business up 4%
At the same time, the home mortgage lender posted its 19th consecutive year-over-year increase of 4%, with 44,119 loans, in September. his best record for that month since 2010according to data published this Wednesday by the National Institute of Statistics (INE).
The average amount of these loans increased by only 0.5% year-on-year to EUR 143,222 and decreased by 1.4% compared to the previous month, while the capital lent by the various entities totaled EUR 6,318 million, 4.6% more than a year ago and 18.4% more than in August.
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Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
