New deviation euribor. The daily interest rate for the last 12 months, which is the main reference in variable rate housing loans, was one in 303 thousand. 3.359%, lowest level since last January 27. This development, which contrasts with the previous day’s rise of 153 per thousand, Doubts in the financial sector United States of America and Europe. It even fell from 3,858% to 3,509% on Monday. These fluctuations reflect market expectations regarding monetary policy and the state of the financial sector.
The decreases correspond to the fact that they predicted. their rise interest rates by European Central Bank (ECB) it will be moderate or even slowed down to prevent further damage to certain financial institutions. The ups, on the other hand, respond to the opposite interpretation. When calm returned after it requested a 50,000 million loan from Credit Suisse to improve its liquidity, this reference was also lowered as it was the price for banks to lend to each other.
Today’s monthly rate, which is used to analyze and calculate housing loan installments at the end of the month, continues to rise with 3.78%, above the 3.534% it closed in February. Touching 4% daily rate last Friday, Euribor this week unexpected behavior Following the bankruptcy of Silicon Valley Bank (SVB) in the USA and doubts arising from the situation of Swiss Credit Suisse.
Last Friday the indicator was 3,953%, but on Monday it fell to 3,858%; and at 3.509% on Tuesday. It rose again at the daily rate to 3,662% on Wednesday and fell sharply to 3,359% this Thursday until the European Central Bank meeting announced, which raised interest rates by 50 basis points to 3.50%.
Despite the decline recorded today, Euribor continues to rise with 3.78% in March. Just a year ago, the indicator registered a negative rate of -0.237%. This will mean that variable mortgages will increase once again, which should be reviewed with data for March this year. In the case of a mortgage of 150,000 Euros over 24 years, it would be 306.28 Euros more expensive than 876.42 to 570.14 Euros per month, or 3,675 Euros per year, with a 1% Euribor difference corresponding to the mortgage average. .