The twelve-month Euribor therefore chains 16 consecutive months of promotions.
The 12-month Euribor, the most commonly used indicator in the Spanish state to calculate mortgage payments, is in April and ended the month with an average price of 3.757%. The average monthly value of the Euribor in March was from 3.647%representing an increase of 110 basis points.
As it is, chain sixteen consecutive months of promotions.
The Euribor returns to the rate of increase that was halted in March following the banking crisis in the US and Europe. A crisis that caused a sharp fall in the Euribor in the daily rate, which reached a low of 3.22% for the year.
In April, the Euribor rose again and even on the 25th it reached 3.900% in the daily rate.
He European Central Bank It meets on May 4 and expert sources are considering a 50 basis point increase in the cash price, which would make mortgages even more expensive. In the case of the US Federal Reserve, they expect an increase of 0.25% also next week.
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.
