This figure has not been given since December 2008. View the rate increase and what it can mean for your mortgage here.
Euskaraz irakurri: Euriborra %3.333ko batez cutleryora iritsi, about 31.5 point from igo da abendutik
Today, January 30, the Euribor has reached an average rate of 3.333%, a figure not seen since December 2008. this month. The rate did not fall below 3.3% throughout January.
Since December, the Euribor has increased by 31.5 points, and taking into account the data from a year ago, -0.477%, it has increased by 3.8% in these 12 months.
How will this affect my mortgage?
With that Euribor figure, someone with a 30-year variable mortgage of EUR 150,000 and with a difference of 0.99% plus Euribor will have an increase in their mortgage payment of approximately EUR 294. In absolute terms, you go from about 450 euros to about 744 euros per month, which amounts to an additional annual expenditure of more than 3,500 euros.
Under the same conditions, a mortgage of EUR 300,000 capital pending repayment and 30 years pending payment should assume a monthly increase of EUR 588, which amounts to more than EUR 7,000 extra per year.
In the event that they have to review the mortgage payment using the January index as a reference, they will experience the biggest increase in recent months.
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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.
