MALAGA HOUSING | The fall in Euribor reduces mortgage payments from 120 to 240 euros per month.

De-escalation of the Euribor rate following the recent interest rate cut by the US Bank. European Central Bank (ECB) This is starting to bring a lot of relief to the pockets of those families who once purchased a home with a variable mortgage. Holders who completed the Euribor survey last October, which closed at an average of 2.69%, will now register. monthly fee is reduced which will fluctuate on average, depending on the loan amount, from 120 to 240 euros (or, what is the same, from 1440 to 2880 per year) in relation to what they have been paying so far.

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