Urbur Mars reduces the phenomena after separation with a 2.4 % barrier
he Erfor The last day of March was surprised by a decrease to 2,306 %, which represents Average month (2,407 %). In this way, the rate was able to transfer the 2.4 % threshold that was expected for this month. Real estate mortgages will be recorded in a variable type of review with this month’s data, up to 2500 euros annually in its share.
Specifically, the reference index of real estate mortgages will lead to relief for those whose last review was made with Euribor in March 2024, when the rate was raised for the last time and recorded 3,718 %. According to the data provided by the mortgage comparison, these mortgages are in a variable type They will provide between 100 and 200 euros per month in their feesIf the initial amount of this is out of 150,000 and 300,000 euros, respectively.
Euribor faces stability phase
Although this month the expected reduction at the rate was light, the data is better for the rate. Daily numbers indicated at the beginning of the month Average monthly can exceed FebruaryHowever, last week, it was able to reduce data and a decrease of less than 2.4 %.
“This month, Euribor showed us, again, that we cannot make predictions about his development because, Within a week, you can change your direction a lot. “This indicator is greatly affected by what is happening at the political, social and economic levels in Europe, and therefore it gives us these surprises,” explains Simon Columbli, the director of real estate loans.
The expert adds that what happened this month is because of “Urbur suffers from a clear installation stage.”And it indicates that “it is quite normal for this line to maintain more flat, especially after its sharp drops that witnessed a few months ago.” He also explains that this scenario that we live now is “positive, as we saw above all where we come and also with the tremendous uncertainty that is currently at the European level.”
How will the mortgage market develop?
The mortgage market is now aware of the next steps for the European Central Bank (ECB), which has so far implemented six interest rates since June 2024, to put them in 2.5 %.
On April 17, it will be known whether the agency is committed to registering a new amendment down or maintaining the current level. Regarding this event, Columbli caution and believes that Lagarde will also be: “I think Most likely, the European Central Bank will maintain official interest rates“At 2.5 % in April, not to apply a new decline until summer,” says IA book spokesman.
If this happens, Matiza Simone Colombelli, “Banks will not make great adjustments in their offers until summer. It is true that, based on the type of profile, there are more aggressive financial entities with interest rates. “We see some of a fixed type of tin by 1.80 % for more personal files. People are very solvent and a decrease in debt. But in general we do not expect that there will be very sudden changes in offers. “
In the event of BCE to reduce the species next month, “it will be a great welcome from the mortgage market: Euribor will face more fall Even banks can be encouraged to apply new discounts in the prices of their real estate loans, and therefore, this will be a great news because although it might be a good time to a real estate mortgage request; “It will remain better,” the Iachro Real Estate Manager concludes.
