The increase in the Euribor could make mortgages up to 1,000 euros more expensive, Asufin said.
Euskaraz irakurri: Nola eragingo gave euriborraren igoerak nire hipotekari?
The Association of Financial Users Asufin warned this Friday of the surge in mortgages that will be produced by the rise in the Euribor, which could close at 1.5% this year and reach 2% in 2023.
According to Asufin’s calculations, this increase translates into higher mortgage payments of more than 1,000 euros per year if a standard loan of 100,000 euros is taken as a reference, with a repayment term of 25 years and with a Euribor of 2% plus the difference paid by each entity. will be charged to each customer.
The June Euribor, known yesterday, at 0.85%, would make the same loan more expensive by EUR 744 per year if the annual statement were made in July, using the previous month’s data.
These changes are already being implemented in the field of fixed mortgages, with market offerings exceeding 2% and in some cases 3%.
From Asufin, they recommend paying attention to the combined sale of products not related to the loan, such as insurance, with the aim of adjusting the price downwards, because if other products are contracted, the final price of the contracted mortgage (in APR terms) is usually higher.
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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.
