By Leonidas Stergiou The persistent inflationary pressures, combined with the risk due to uncertainty from the Omicron mutation and in view of the ECB decisions at the December 16 meeting, are causing upward trends in lending rates. This became more apparent in October than in September and, even more so, in June, when inflation in […]
Tag: Euribor
The Euribor marks its fifth consecutive all-time low after six months of falls due to the ECB’s policies against the pandemic
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 […]
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 […]
The banks anticipate negative rates until 2031 and ask the Government to be cautious when withdrawing stimuli to avoid a “cliff effect”
The quicksand in which Spanish banking moves can be longer than the managers of the sector planned. To the consequences of the current economic crisis, such as low credit demand and the expected increase in delinquency, is a negative interest rate scenario that could be extended until 2031. Financial markets expect the Euribor to remain […]
