Euskaraz irakurri: Zenbat garestituko da nire hipoteka Euriborraren igoeragatik?

The rise in the Euribor will make mortgages significantly more expensive, when it is time to review it. The significant increase registered in the last twelve months will mean that those mortgaged who signed their credit a year ago, and who have to review it with the current data, will once again suffer a sharp increase in the cost of their installments. Families will have to face a rise of around 300 euros on average in their monthly payments.

With the average registered up to now (3.53%), a person who has contracted a 30-year variable mortgage of 150,000 euros, close to the Basque average, and with a differential of 1% plus the Euribor, will suffer an increase of your mortgage payment of around 300 euros.

In absolute terms, you will go from paying about 460 euros to about 761 per month, which is equivalent to an additional annual outlay of more than 3,600 euros.

With the same conditions, a mortgage of 300,000 euros of capital pending amortization and 30 years pending payment would have to assume a monthly increase of 600 euros, which means around 7,250 additional euros per year.

The 12-month Euribor is precisely the index to which most variable mortgages are referenced.

In February, it stood at 3.53% in its average price, 20 points more than in January (3.33%) and 386 basis points more than a year ago, when it was still trading negative (-0.33% ).

Source: Eitb

Alia

Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.