December 2005

You're watching the articles of Euribor for the month of December 2005.

The Euribor rises to 2783% more expensive mortgages and an average of 336 euros per year

M. P ...

Written by December 31, 2005 with comments not permitted
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Inflation and rising mortgages tarnish the Government's fiscal year

YOLANDA GOMEZ
MADRID. Inflation soared to 3.8% in December, compared to 3.4% from the previous month, according to the advance indicator of the harmonized CPI made public yesterday by the National Statistics Institute ...

Written by December 31, 2005 with comments not permitted
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Euribor in December

An increase of 0.10 points in December

The Euribor, the rate at which they are referenced by the majority of mortgages in Spain rose in December to 2780%. This is the highest level in the last three years and will involve a cost of new mortgages, according to provisional calculations (to be confirmed by the Bank of Spain).

By the end of the Euribor has risen 0.10 points over the month of November (2684%) and almost half a point, -0.48 points, in relation to 2301% December 2004. The new rate will affect the amortization mortgage loans which are reviewed annually.

The impact on mortgages

In half a mortgage of 120,000 euros to 20 years granted to the Euribor plus a spread of 0.60 points, the monthly premium would rise from 660 to 688 euros. This increase of about 28 euros and 336 euros per month represents an annual increase of over 4% (above inflation in 2005 and the increase of wages).

The rise of the Euribor up to 2780% in December represents the highest level since December 2002, when this indicator stood at 2872%.

Euribor prospects for the medium term, further increases

The behavior of the Euribor is anticipating the expected developments in the coming months the price of money, in a process in which markets are gradually adapting to future increases in interest rates. Recall that the European Central Bank (ECB) decided on December 1 an increase of a quarter-point to 2.25%.

The experts foresee gradual increases in interest rates, depending on economic developments in the euro zone, and it is estimated could raise the official price of money to 3% by the end of 2006. In fact, the Euribor has been rising in its daily trading from 2.76% which began in December to close the month well above 2.80%.

Topics related to the Euribor in December

Written by December 30, 2005 with comments not permitted
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The Euribor rose in December to 2783%, the highest point in the last 3 years

The indicator most often used to calculate the price of mortgages, the Euribor, fell in December at the highest point of the last three years, the 2783 per cent rise this year after almost half a point ...

Written by December 30, 2005 with comments not permitted
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The Euribor rose to 2783% in December, the highest in three years

The indicator most often used to calculate the price of mortgages, the Euribor, fell in December at the highest level of the past three years, the 2783%, after climbing nearly half a point in the last twelve months. The increase will mean in practice a new price hikes in the monthly average of mortgages, which will rise around 30 euros for those who have the annual review in the coming weeks.

Written by December 30, 2005 with comments not permitted
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