Even though Euribor fell for the first time in 20 months in August, mortgaged ones variable rate Those who have to review loans, significant increaseabout 2,750 euros per year. Of course quota increase It will be softer than in previous months. But, Experts disagree if so to say trend change Will it be punctual or will it be preserved over time?
Some of August’s Euribor first sign This brutal climb The index to which most mortgages in Spain depend turning point. In this way, quota increases are only started to be moderateHowever i will do even more until the end of the year and throughout 2024.
On the other hand, other experts are not so flattering and believe it August data is just a mirage. In fact, the main result of Euribor getting out of control was the mortgage firm’s decline of 14% in the first half of the year.
“Seasonality in data”
Comparator iAhorro’s mortgage manager, Simone ColombelliHe thinks that August “historically was a month of lows because everything was paralyzed.” It is therefore convinced that: September Euribor will increase again.
“I wouldn’t say we’re seeing a downtrend, just a small seasonality in dataExplaining the reason for this statement on the comparator’s blog, he emphasizes: “Uncontrolled inflation is the new rate increases by central banks“.
ECB prepares for new rate hike
For his part, he European Central Bank (ECB) confirmed that the economy is doing worse than expected. Despite excludes a deep recessionEverything points to another attempt to adjust interest rates, with a final hike in interest rates before the end of September. Money Politics.