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The Euribor rises in July, 2007 at his highest level from February, 2001

In expectation of assertion by the Spanish Bank in the middle of next August everything means are already publishing a new increase of the Euribor, which we should remember that it is the index of reference to most of mortgages that are hired in Spain. The Euribor is located this way in 4,565 % rising lightly with regard to the previous month in which it was to 4,505 %.

This new number of the Euribor represents the highest level from February, 2001 and the twenty and second consecutive increase.

To take this new fact to the real world we describe the example that we see in TO BE of an average mortgage, that according to the information of the National Institute of Statistics (INE) it was located in 150.810 euros in May, in a term of 25 years and with a differential of 0,50 points on the Euribor, in that the monthly quota would go on from 799,28 euros that he had to pay in July, 2006 to 887,34 euros that have to be paid now, what supposes a monthly increase for 88,06 euros in the quotas and an annual increase for 1.056,72 euros. Considerable increase that it is affecting seriously to most of Spanish families.

For finishing with something positive, this increase is seen by the analysts like an increase minor that predicts a deceleration in the rhythm of increases of the Euribor for the second half of the year.

Written by Javier Marina on Monday, the 30th of July, the 2007th. You can leave a comment, or connect at this entry from your web

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