Reviewing the news of the latest increase in the Euribor.

Virtually all media have echoed the ninth rise in the Euribor and almost all have done the calculations with a hipooteca 120,000 € to 20 years, something that today is not at all in the mainstream.

La Gaceta de los negicios is the only way it has gone beyond the press release distributed by Reuters.

Os hit, part of his article:

Annual review
This time, the rise in the Euribor has been primed with having to perform a review of your mortgage this month, as they will suffer the greatest price hikes of the past six years. Specifically, since November 2000.

The explanation is simple. The Euribor in June 2005 was at 2.103%. When the Bank of Spain made official in the benchmark index this month, and published in the Official State Bulletin, an annual review of the price of the mortgage loan will be made on the 3401%. No less than 1.3 points of difference that will make significant share of the monthly mortgage.

In a mortgage of 180,000 euros to 30 years to 0.6 points over Euribor, the impact of 1.3 points over the Euribor between June 2005 and the same month this year will mean that the customer will have to pay 129 euros more if the review is annual.

Those who have paid six-monthly review additional 63 euros, almost half that in the year, as compared to 2.78% from December 2005 to 3.4% in June this year. A rise of 0.62 points.

For their part, the mortgage loans with quarterly review will suffer a rise in well below the monthly fee: 30 euros. Is the translation of a 0295-point rise in the benchmark index since March (3105%) until June.

(Unrated)

Loading ...

Written by Carlos Lopez on July 1, 2006 with 1 comment.