Mortgages: Increasing interest by 50% in just 7 months
The trend of interest rates remains distinctly bullish. Since I woke up seven months ago, the rise of interbank indicator exceeds 100 basis points (equivalent to 1 per cent).
It is the largest upward streak since interest rates doubled between May 1999 and August 2000, when the Euribor to 12 months marked its highest ever level at 5.34% after doubling in just 12 months.
This implies that the burden of interest on the bulk of the funds in Spain have increased by 50% in just seven months and threatened to intensify the pressure on the types of credits in the mass live, most of the debt of mortgages . In this period the twelve-month Euribor has risen from 2.2% to 3.3% today.
(Unrated) 
Loading ... Written by Carlos Lopez on May 12, 2006 with 0 comments.
