The Euribor closes the third week of working days rising consecutively since the Easter long weekend. If this continues, the variable mortgage May. We are still far from feeling how the Euribor intimidates its historical maximum euribor-will-it-reach of economy. Find the best mortgage without mistakes Going from bank to bank is a thing of the past. Why is the Euribor rising? the economy and alleviate inflation in the euro zone. These values remained at and, after six increases last March. ECB policymakers are certain to raise interest rates at their next meeting on but at a more moderate pace. The increases, which until now have been and 50 basis points, are expected to be reduced to 25 this time. If this is confirmed, the ECB’s interest rates would be set at. And when will interest rates go down? We will have to be attentive to the direction of the European Central Bank’s policy in the coming months, although more similar increases are to be expected until inflation in Europe is controlled. We talk about it in our recommended article. Will interest rates stop rising in 2023?
What happens to my mortgage with the rise in the Euribor?
One of the main concerns of those who have a variable mortgage is how much the installments will rise with this new Euribor . Each case is special,ble mortgage in Spain could become around more per year . You can see for yourself how Australia Phone Number Data much your installments would become more expensive with our mortgage simulator . This has opened up aere looking for financing in 2023: There are several options to improve your current mortgage. It is possible, for example better conditions. There are also alternatives for those who want tosuch as fixed or mixed mortgages .. But will the Euribor reach 4%? It seemed not. The Euribor after the collapse of Silicon Valley crisis that followed. Holders of variable mortgages experienced the events as something hopeful. But the ECB showed despite the banking uncertainty, in its work to contain inflation in the European Union.
Long-term forecast: will the Euribor exceed its all-time high?
The Euribor registered its historical the current daily rate exceeds 3.8%, but is still far from the post-bubble figures. It is difficult to make forecasts in the face of an uncertain23, es in the coming months . Inflation in the European Union remains Australia Phone Number List higher than the 2% target, but it is beginning to slow down g 5% an beforeIf you think you need a change of conditions in your mortgage, there is no need to wait for the Euribor to exceed its historical maximum. Apart from changing from a variable to a fixed Extension of the amortization period . Although in the long term extending the years of your loan can be a relief in the short term. Request a waiting period . During which you will pay lower installments or even stop paying the monthly payment for a time. Contact Housfy Mortgages if you need more information: we carry out an indicative analysis of the viability of the operation and preselect the best offers from financial institutions so that you can choose the best one for you.
