HE euribor It made a surprise at the close of 2023. It stands at 3.679%The lowest monthly average value has been recorded since March.
So… Will people with variable mortgages start noticing short-term dips? “Anyone reviewing their mortgage from March/April can already start to notice subtle differences.very small, discounts In monthly installments,” says Simone Colombelli, Mortgage Director and mortgage advisor at comparator. iSavings.
However, Colombelli warns: “If, as we predicted, the Euribor was around 3.5% in the spring, it would already be below this year. Yes definitely, it all depends on the development of this indicator and what does it command? European Central Bank (ECB) for interest rates in the January and March meetings.”
The organization run by Christine Lagarde also needs to be taken into account. Meeting on Thursday, January 25. Therefore, while we wait to see how events will develop, banks showed no significant movement on variable mortgages.
One of the prominent loans with variable interest rates is Mediolanum Bank. It consists of TIN. euribor +0.79% (0.99% in first year) and 3.60% APR. The conditions that must be met to sign these conditions are: opening a bank account at the organisation, direct deposit of permanent income equal to or greater than 3,000 euros and taking out life insurance.
We should also not forget Evo. The TIN of your variable mortgage is Euribor +0.48% (2.30% in the first two years) and the APR is 4.60%. In return, it will be necessary to maintain a payroll, pension or unemployment benefit exceeding 600 euros for residence and to have home insurance.
Kutxabank moves in the same line. Euribor offers a TIN of +0.49% (2.58% in the first year) and an APR of 4.45%. But in this case more conditions will have to be met: Placement of the pay slip at the place of residence (amount equal to or more than 3,000 euros per month), annual contribution to Kutxabank pension plans equal to or more than 2,400 euros and take out health insurance.
For your part, Unicaja Euribor has a TIN of +0.50% (2.40% in the first year) and a variable mortgage with an APR of 5.12%. The connections that must be assumed with this loan are: having an income of more than 2,500 euros per month; keeping payslips and master receipts; purchasing home, life, or temporary disability insurance; Get car or health insurance and contribute to a retirement plan or investment fund.
Another mortgage that may be considered is a market mortgage. ING. To benefit from the Euribor TIN +0.59% (2.55% in the first year) and 5.10% APR, you must be a payroll resident, deposit more than €600 per month or have a minimum balance of €2,000 per day and purchase two will need to take it. insurance policies (life and home).
Negative Euribor… Is it possible?
We should not forget that those who use variable mortgage loans benefit greatly when Euribor is negative, but… Could it happen again?
Although this may seem positive to users, the iAhorro spokesperson emphasizes that this will not be good news: “This Negative Euribor is synonymous with crisis so it needs a very cheap investment of money to stimulate consumption and investment.”
And what would happen the most suitable Euribor data? “It could be a healthy thing for our economy.” I see Euribor around 2% or slightly belowThis is an interest rate that is high enough to encourage those who want to save to do so, and at the same time low enough that if you want to borrow money you can do so,” concludes Simone Colombelli.