Gonzalo Bernardos’ message for those renewing their mortgage: “Starting in February…”
With the arrival of the new year, many are also wondering what will happen to their mortgage. In 2023, constant rate increases have stifled many families whose quotas have increased. However, Gonzalo Bernardos believes they will get relief in 2024..
The situation is such that in recent months many have considered switching from a variable rate to a fixed rate to better control these costs, unaware of the constant revisions.
He Euribor is now trending downward. Data from January 19 noted 3.6%. For the popular economist and professor at the University of Barcelona, this is the key to knowing the future of mortgage holders next month.
Notice from Gonzalo Bernardos for those with a mortgage
During an appearance on La Sexta’s program “Más Vale Tarde” in December, Gonzalo Bernardos assured that “Those who extend their mortgage interest rate in February for the first time in a long time will pay less.”.
The economist had in mind precisely these variable mortgages with annual reviews. These are the ones that can start to give good news when they start to decline. Other analysts and specialized mortgage portals warn about the same trend.
“Those who renew their mortgage in February for the first time in a long time will pay less.”
Gonzalo Bernardos
Economist
However, despite the good news, Gonzalo Bernardos wanted to make one aspect clear: those mortgages that will be renegotiated in February will be reduced. “if the annual Euribor rate continues to remain below 3.8, as it is now”.
Likewise, the economist and professor warned that those affected should not expect a significant reduction in payments, although he stressed that this is good news after a year in which mortgage loans have not stopped growing: savings will be minimalbut this news, which so many have been waiting for, is about to come.