The Euribor goes down in October, the first time in two years
In expectation of the assertion for the Spanish Bank in the middle of November, it seems that we have, finally, good news: the Euribor goes down in October. Specifically, the Euribor will go down 4,72 % of September to 4,64 % of October, what supposes the first fall of the Euribor in two years.
This descent of the Euribor does not do any more that to confirm the forecasts of the analysts who coincide in indicating a progressive stabilization of this index of reference of the mortgages. After the rough summer that we have spent with the mortgage crisis, everything points in that the market is on the way to standardization.
The same second vice-president of the government and the Secretary of the Treasury, Pedro Solbes, said yesterday that the Euribor “has touched roof in these moments”, and thought that “the consensus of the market is now in a stability position in the types in the euroarea”.
Although the Euribor should have descended in this October, it is necessary to remember that the mortgages that should be checked in the next days will support an increase of the quota, since the current level keeps on being superior to that of October of last year.
at 10:15 pm
Since less evil, already it was taking a lot of time waiting for news like that. That is still like that, and that changes the cycle and the tendency and all that. Although I entrust my nothing neither of analysts nor economists.