July 22, 2008

You're watching the articles of Euribor for the day on July 22, 2008.

Is he saw yesterday?

Reviewing the same old news blog, I have come across this interesting article does nothing less than 2 years, when everything was still watching from rosy.

So I auto (though possibly in its day was a cortaypega), which is one of the most pedantic things you can do in this life.

Alarms before the exhaustion of the credit system and the rise in rates
The mortgage market has been able to reach its ceiling.
In an environment of rate increases, lengthening the repayment period of mortgages is useless.
The banks have to gamble less.
Banks and savings banks have made their jump alarms before the unstoppable advance of the housing market and excessive borrowing by Spanish families.

The news came from a speech by the president of the Spanish Mortgage Association, that this is supposed to know something, and the truth is that it could not be more appropriate. Too bad no one will make the event.

By then, the blog had only one comment was this:

# 1 a. ABBEY
June 29, 2006, at 13:26.
"The mortgage market has been able to reach its ceiling."
What does this conclusion?
- What do the banks not lend more money because of the obvious risk? (does not trust the bank)
- What the banks do not leave them in the capital market for mortgage money?
(who does not trust the bank lends)
- What individuals consider taking out a mortgage is no longer attractive? (does not trust the buyer).
In my case, I do not fiaría in any of the 3 cases.
A. Abbeys