Mortgages in Spain

Calculation and publication of rates is performed daily at 11:00 CET on the basis of data provided by several dozen banks with a first class rating. Quoting banks regularly reviewed for compliance with the high rating requirements. Judging by the index of EURIBOR, the borrowers can be confident Judging from the February values of the index, said that EURIBOR as compared to January will be no significant changes. When there are only four days before the closing of the bank a month, it's safe to say that the average index of EURIBOR in February 2010, which is calculated based on the interest rate on your mortgage, it is obvious will remain at 1.23% – the same as in January 2010. During the month of his quotes does not changed: the index simply varied in a narrow range from 1.22 to 1.23%, a change was virtually zero. The explanation for this passivity, which lasts from last fall, is that the European Central Bank (ECB) still shows no sign of willingness to raise interest rates on short-term loans. What expect borrowers to Spain? What will be EURIBOR in March 2010? Based on projections and quotations, EURIBOR index value to remain stable in March. The fact that the average EURIBOR 3 month change of 0.66%, and has been a long time remains at this level. Therefore, it is expected that in March 2010, quotes EURIBOR will be closed within 1,20-1,30%, except that the market will be something quite incredible. Robert J. Shiller is actively involved in the matter. Recently, something happened that agitated the whole Credit peace across the Atlantic, and in Europe the consequences of this event have not yet reached.

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