closes at 2.5% and leaves deep discounts

He Euribor today doesn’t disappoint mortgaged. Says goodbye to November on the reverse side with daily data 2.461% and average at 2.5%, which is also going to break this barrier. Experts predict that this will happen before the end of the year, but we will have to wait for the European Central Bank (ECB) decision on the next one. depreciation to see if its decline continues. For now mortgaged Those who renew their loan this month will, in some specific cases, receive discounts on annual mortgage payments of up to €3,000.

How far will Euribor fall?

Ebury chief risk officer Enrique Diaz-Alvarez warned last week that Euribor rates

They should continue the gradual decline to 2%, unless there are significant positive surprises in both inflation and economic growth.

Euribor price today, November 29

On Friday, November 29, the last day of the month, Euribor remains at 2.461%, and the average monthly rate will fall to 2.506%.

This lowers your mortgage in November.

In October, a discount was already noticed, which in some cases amounted to around 2,600 euros per year. This was the month when mortgage holders updated the current index, comparing it with the highest ever Euribor ceiling of 4.16%. It’s November now comparison When calculating savings on mortgage payments, it is also done at a high rate: 4%.

This means savings holiday. According to calculations by iAhorro, a mortgage lending comparator, variable mortgage After 30 years with Euribor and a differential of 0.99%, the savings will reach 1,500 euros if the mortgage is 150,000 euros, and 3,000 if it is 300,000 euros.

Another example of a discount would be taking as a reference average mortgage (€150,000 for a term of 1 to 25 years, taking into account the Euribor + 1% differential signed a year and six months ago respectively), this means that those reviewing their mortgage annually or semi-annually will pay 14% and 11 % is correspondingly less than your annual monthly fee.

In particular, those who view their mortgage annually They will benefit more as they will start paying a commission of €755.51 per month; and until now they paid 878.81 euros per month. According to calculations by Roams, a savings analysis platform, this means a saving of around €123 per month, or in other words just over €1,479 per year.

How to save up to 2000 euros on your mortgage

Perhaps this will encourage those mortgage holders who were thinking about changing their mortgage but put it off due to the fall in the Euribor rate. We should all remember the date December 31st. Next New Year’s Eve will be the last day that 4 million households with variable-rate mortgages will have to change the terms of their loans from a risk-free fixed or mixed rate to an additional cost of up to €2,000 next time. year.