The Euribor, the main indicator that are referenced most mortgages in Spain, in April closed at 2.086%, which represents the thirteenth consecutive monthly rise and more expensive mortgages in approximately 775 per year.
This is the first time breaks the barrier indicator of 2% monthly since February 2009, when it hit 2.135%, and remains at record levels for two years.
users a mortgage of 150,000 euros for a term of 25 years with a spread of 0.8 points over Euribor to touch you review your monthly payment will be more expensive at about 64 euros, bringing the rise 775 euros yearly.
Euribor The upward trend in response to tighter monetary policy of the European Central Bank (ECB) to control inflation in the wake of soaring oil and raw materials, mainly.
addition, doubts about the peripheral countries mainly Portugal and Greece, have returned to exacerbate tensions in the debt market, which triggered the spread of the bonds and expensive financing entities.
the biggest increase since December 2007
In fact, the monthly rise in the Euribor is 0.858 points compared to April 2010 and is the highest recorded since December 2007, when the indicator rose 0.872 points on the level marked a year earlier.
The experts consulted by Europa Press caution that the index will continue its climb in the coming months, although the extent will depend on the size of the increases in official rates applied by the ECB.
The chairman of the Central Bank, Jean Claude Trichet has hinted further rate rises, so that analysts assume that more expensive borrowing costs twice the rate of a quarter point, to 1.75%.
thus predict that the indicator, which started its upward trend in August 2010, ending the year in a band between 2.5% and 3%, compounding the difficulties of families to meet their payment obligations.
The Prime Minister, José Luis Rodríguez Zapatero announced this week in an interview on Youtube, questions from the Internet, a congressional panel that will examine ways to alleviate the difficulties of households to pay home ownership.
Source: EuropaPress
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