Euribor today breaks the 2.5% barrier, making a new record drop.

He Euribor today it continues to fall. As of November 14, it remains at 2.494% after breaking the 2.5% barrier. These data bring up the average monthly value of the indicator, which includes most mortgage in Spain to 2.56%. This is reflected in how it affects mortgaged who are due to renew their mortgage loan it’s in new savings V quotas. They already launched in October with discounts of more than 2,600 euros per year in some cases and are following the same path this month.

Euribor today, November 14th.

The Euribor rate will drop to 2.494% on November 14, and the average for the month will remain at 2.563%.

The deadline for changing a mortgage without fees has expired

new Euribor rate reduction reassures many mortgaged that a year ago their fees in some cases increased by more than 600 euros per month. But they shouldn’t do this if they’re planning to change their mortgage and want to continue without paying fees. The deadline for the payments to begin is just around the corner as the deadline set by the government for this ends on December 31, 2024.

You’ll pay less if you renew your mortgage in December

According to experts, Euribor will continue to fall and December can reach 2.5%, the savings for those who extend this last month of the year will remain at 2,300 euros in the first case and 1,199 euros in the second case of a mortgage of 150,000 euros. This figure is lower, although the difference cited by most mortgages in Spain is lower because October this month is the month that mortgage holders suffered the most a year ago, when they faced an extension with the highest Euribor rate. Now there will be more relief.

Experts predict that Euribor will continue to fall

We’ll have to wait to see how it arrives. Euribor at the end of the year. There are many mortgage holders coming up whose payments will be reduced at their annual renewal. This year 2024 has started a path of decline and although it is still far from solving the economy of families who recently had to face a monthly increase of up to 600 euros, it is gradually weakening savings.

In this regard, Sergio Carbajal, head of mortgage lending at Rastreator, notes that the Euribor rate has been falling for 13 months, but previously it rose for 22 months, and “always after a noticeable increase there is a movement of correction and adjustment, which is where it is now Euribor.”

For his part, Enrique Diaz-Alvarez, chief risk officer at Ebury, explains that Euribor continues to fall sharply as markets anticipate more cuts from the European Central Bank (ECB). ” inflation data in the eurozone fell below 2% in September for the first time since the beginning of 2021. Although the core index – the more significant one – stands at 2.7%, the disinflationary trend is undeniable and will provide cover for more monetary easing. “.