all these people variable housing loanscontrolled by euriborThey haven’t had a good time the last few months. This group of people The main victims of the unstoppable rise in interest rates European Central Bank (ECB) and they support more monthly increments each time home loan payments. Although what they most want is for them to decrease or stop their rise, It won’t come for the rest of the year.
Objectives of the European Central Bank
main purpose European Central Bank (ECB) This Reducing inflation up to 2% and make sure they get “closer” to their goal. If there’s one thing for sure, it’s Price growth slowed in the euro area in the last few months. However, according to the figures for June, this increase continues at high levels: 5.5%.
Lagarde’s statements on mortgages
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ECB President, Christine Lagarde When asked if there was a possible withholding tax after the interest rate hike in September, his answer did not mean much to those who have housing loans: “Maybe there will be a new increase in guide rates, maybe a pause”He also added that if this pause does occur, it will not be “necessarily definitive”.
When will the decrease in housing loan prices be noticed?
According to this Savings Banks Foundation (Funcas)Not everyone will notice the price drop at the same time, but This will depend on how many times the mortgage is reviewed each year. In this way, those who update their loans twice a year will notice the decrease in housing loans before anyone else. January 2024. On the other hand, only one-time reviewers won’t notice it, at least April 2024.