The European Central Bank continues to raise interest rates, now by 50 basis points.

This is the fourth consecutive increase since July. Experts believe that they will continue to rise as long as inflation is not at 2%.

The rise will not affect all mortgage loans, but only variable-rate mortgages.

With regard to the Euribor, in November it was 2.829%, a level it had not reached since 2008, during the economic crisis. It is said that it could reach 3% before the end of the year, and others believe it will reach 3.5% by the end of June next year. Mortgages could be more expensive, an average of 210 euros per month, so you will pay around 2,500 euros more per year.Read more.

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