Good news for people with variable mortgages. HE euribor It was realized as 4.073% at the end of August; this rate was 0.076% lower than in July..
but this This does not mean that Euribor has changed its trend. “August has historically been a month full of dips because everything has been paralyzed and we will likely see more increases in Euribor from September onwards. I wouldn’t say what we’re seeing is a downtrend as such, but there’s a little seasonality in the data,” explains Simone Colombelli, mortgage manager at iAhorro.
Here’s what could happen from September: Banks are starting to improve conditions from your products. “There will be dips, but these will be related to promotional campaigns between now and Christmas, not very stable dips due to the current market situation,” Colombelli stressed.
In this context, people looking for a variable mortgage they can find products with extremely attractive conditions.
One of the credits to highlight Freedom Mortgage of Banco Mediolanum. Euribor consists of +0.79% (0.99% in first year) TIN and 3.60% APR. The conditions that must be met in order to sign these terms are as follows: opening a bank account with the organization, earning recurring income equal to or greater than 3,000 euros, and having life insurance.
do not forget this evo. Euribor offers variable mortgages with a TIN of +0.48% (2.20% in the first two years) and an APR of 4.50%. The connections to be assumed in this case are direct collection of payroll, unemployment benefit or pension and home insurance in excess of 600 Euros.
On the other hand, BBVA Euribor has a variable mortgage with a TIN of +0.60% (1.49% in the first year) and an April of 5.43%. In return, it will be necessary to direct payroll and take out two insurances (home and loan repayment).
do not forget this Ibercaja. The user will benefit from +0.60% Euribor TIN (1.50% in the first year) and 5.37% APR, provided the following requirements are met: direct deposit of payroll and usual receipts, use of the organization’s credit card, two insurance (life and home) and make periodic contributions to one of Ibercaja’s mutual funds.
On the other hand, if what a person wants is to assume fewer attachments banker It could be a good choice. Euribor has a variable mortgage with a TIN of +0.75% (1.50% in the first year) and an April of 5.07%. All this provided that the future owner opens an account with the organization, contracts a pension plan and receives two insurances (life and home).
Will there be any rate hikes in the coming months?
A rise children usually means an increase in Euribor. The European Central Bank (ECB) took this measure with the aim of reducing inflation, but it seems that it has not been reached yet.
“If we follow the American trend, The ECB will likely offer another 0.25 percentage point increase on Sept. 14; another option is to keep them as is and upgrade later”, iAhorro mortgage manager predicts.
but this Doesn’t mean there will be a further increase in the short term.. “We will not see sustained rate hikes in late 2023 and early 2024, but from time to time (more controlled in some EU countries, less so in others) the ECB will hike rates to reduce inflation. It decides to increase, maintain or perhaps even reduce them. we give,” adds Colombelli.