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Posts Tagged ‘repayments’
The Euribor rate closes July at 1.373%
August 29th, 2010 | 
Author: 
Upward trend of the euribor interest rate
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.
Posted in Financial News | 
Tags: euribor, July 2010, mortgage index, national statistics institute, repayments, Spanish Mortgage Association, upward shift | 
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