HE euribor the decline continues, although at a more moderate pace. It decreased from 3.679% in December 2023 to 3.679.0.609%, only 0.07 percentage points.
And because Euribor slowed down? The European Central Bank’s decision to maintain interest rates last Thursday, January 25, was important. “There has still been no downward movement in the European Central Bank interest rates, which generally determine the pace of the reference index. This leads us to think: Euribor will fall even faster when the European Central Bank starts cutting rates Simone Colombelli, Mortgage Director at mortgage comparator and advisor iAhorro, explains:
As for when interest rates will start to fall, Colombelli predicts that we will have to wait until the second half of the year: “I think The first drop may occur in June at the earliest Rates could be 25 basis points until they reach 4.25%. Of course, let’s not expect a decrease as in the increases every month, but a much more intermittent increase over time. If this is the case and there is a maximum of three decreases, 2024 may end with interest rates set by the European Central Bank between 3.25 percent and 3.75 percent.
Faced with this situation, businesses have made significant movements in their fixed and mixed mortgages, but They did not touch the terms of variable interest loans.
Therefore variable mortgage Evo It remains one of the best on the market. The Euribor TIN is +0.48% (2.30% in the first two years) and the annual income rate is 4.32%. In return, it is necessary to provide a pay slip exceeding 600 Euros, unemployment benefit or pension, residence and home insurance.
For its part, Freedom Mortgage Mediolanum Bank Euribor’s TIN consists of +0.79% (0.99% in the first year) and APR of 3.60%. 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.
Another mortgage that can be highlighted is open bank. Euribor has a TIN +0.60% (1.60% in the first year) and an APR of 4.60%. All this is valid provided that the paycheck is at his residence and two insurance policies (life and home) are purchased.
Abanca Euribor sells variable mortgages with a TIN of +0.60% (1.40% in the first year) and an APR of 5.69%. The connections that should be assumed in this case are direct debit of payroll, making 24 purchases a year with the business credit card, and taking out two insurance policies (life and home).
moving in the same line Ibercaja. Your variable mortgage consists of a TIN of Euribor +0.60% (1.50% in the first year) and an APR of 4.88%. The User will be able to benefit from these conditions as long as he directs his own payroll and regular collections; use the organization’s credit card; Buy two insurance policies (life and home) and make regular contributions to one of Ibercaja’s investment funds.
In short, currently EVO or Banco Mediolanum are the institutions with variable mortgages with the best conditions, as they offer a very competitive interest rate in exchange for a few connections. It should not be forgotten that The important thing is to compare to find the best loan.