The average rate on loans to European households for house purchases rose 8 points in June, up to 4.48%

That in Europe, because here more than 95% of mortgages to remain floating rate (lower today, tomorrow we do not know ...).

In June 2006, the average interest rate charged by financial institutions in the euro area to new housing loans, were higher than in the previous month, when households in the Eurozone paid an average rate of 4 , 40%.

This upward trend is in line with the prices listed by the Euribor. The latest official data published by the Bank of Spain is up to June 2006, where the Euribor reached 3401% 2103% compared with that recorded in the same month last year, an increase of more than 1,200 basis points.

Due to the competitive advantages that apply finacieras entities, families usually end up paying almost 1,000 basis points over Euribor officer (in June stood at 3401% and the average rate was finally paid 4.48%).

Written by Carlos Lopez on August 16, 2006 0 comments
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