Posts Tagged ‘July 2010’
The Euribor rate closes July at 1.373%
The details provided by the Spanish National Statistics Institute INE (Instituto Nacional de Estadística), set the Euribor, the main spanish mortgage index, at 1.373% July 2010, with a monthly rate which for the fourth consecutive month has undergone an upward shift. The Euribor closed July 2009 at 1.412% so this figure still allows mortgage holders who will have their mortgage reviewed this month a reduction of their monthly repayments, that represents a saving of 36 Euros per year, if we take as an example an average mortgage of 120.000 Euros at 20 years, representing 2 or 3 euros per month.



