The Euribor rate surprises mortgage holders today: it has risen to 2.4%.

He Euribor today brings a surprise mortgaged and after falling the day before, this Wednesday, November 27, it grows and recovers by 2.4%. If only we had said this yesterday In just one day it lost 0.95%, today in 24 hours it gains 2.3% until it reaches 2.448%. As a result, the monthly average will increase to 2.5101%. The rate that most mortgages in Spain refer to seems to be on a rollercoaster ride, but that shouldn’t worry those mortgaged that they are renewing their mortgage because discounts At the moment, in some cases they can reach 3,000 euros. The next meeting of the European Central Bank (ECB) is on the horizon, at which a new rate cut is planned.

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.

We’ll have to pay close attention to the annual inflation report in the coming days. “Unless we see significant downside surprises, the ECB will find it difficult to justify rates significantly below 2%, which should stabilize the Euribor level,” they explain.

Euribor price today, November 26

On Tuesday, November 26, the Euribor rate will drop to 2.393%, and the monthly average will remain at 2.5136%.

Discounts for mortgage review in November

Using this data, savings on mortgage payments will continue to decline. 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%. Now in November the comparison when calculating savings on mortgage payments is also made with a high figure: 4%. This leads to savings. According to iAhorro’s calculations for a 30-year variable mortgage 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.

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.