Euribor, the kind that are awarded the majority of mortgages in Spain, has put his daily rate in 1981% after franking for the first time since April 2004, the barrier of 2%, bringing the monthly level is placed in 2001%.
Indicator has continued to fall sharply in anticipation of a decision by the European Central Bank (ECB) on interest rates. Forecasts suggest that the Central Bank could go up to 1.5%, so that this new cut could encourage further decrease the Euribor, which has already narrowed the margins and is at the level of official interest rates.
Only four days of trading in March, the Euribor has lost 0052 hundredths, and continue the sixth consecutive month of declines. In the event that closed in March at around 2%, the mortgages could fall a monthly record of 170 euros and 2,040 euros a year.
Specifically, for a mortgage average 116,724 euros, according to recent data from the National Statistics Institute (INE), with a term of 25 years and a spread of 0.75 points, users would pay about 538 euros per month compared to 705 euros they paid a year ago, when the Euribor was at the rate of 4590%.
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