The 12-month Euribor, the indicator most used in Spain to calculate mortgage payments, its fifth consecutive historical minimum will be recorded in December. This will mean a reduction in mortgages that will review their installment soon. In the absence of definitive data and subsequent confirmation from the Bank of Spain, the Euribor averaged -0.496% in […]
Tag: business and finance – macroeconomics – mortgage
What exactly is the IRPH index and how can I know if my mortgage has it
The IRPH is the acronym for Index of Reference of Mortgage Loans. It is an indicator of interest rates on mortgage loans and is prepared from the Bank of Spain. This has been operating since 1994 and is officially called Average rate of mortgage loans over three years for the purchase of free housing. […]
Negative rates until 2031? EVO (Bankinter) anticipates and sinks the fixed cost of its 30-year mortgages to 1.67%
The forecast that negative interest rates will lengthen over the next decade is once again shaking up the mortgage market. EVO Banco, the digital subsidiary of the Bankinter group, announced this Tuesday that it will reduce the cost of its fixed-rate mortgages to 1.67% APR, including connections, for a period of up to 30 […]