What will happen to the contribution cuts in 2024 if Euribor continues to fall? Experts answer your questions
Euribor September ended with very good news for mortgage owners.. The benchmark index stood at 2.936%, its lowest since November 2022. Euribor reached a daily value of 2.77%.. That’s why people who have had to renegotiate their variable mortgage during this time… They will save between 100 and 200 euros every month..
“During these months, Euribor is falling faster and faster than expected.. Since July we have seen a clear turning point in the trend of the underlying index, which has completely reversed its direction. It is true that the year started with a good fall compared to the last quarter of 2023, but during the first six months of 2024 we lived in a state of stagnation that we thought would last a little longer,” says Simone Colombelli, director of mortgages lending. iAhorro mortgage comparator and consultant.
In this context Many companies have lowered the interest rate on their fixed mortgages below 3%.. This applies to banks such as BBVA, EVO or Bankinter. On the other hand, you can find a mixed mortgage with a fixed TIN at 2.10%.
“The fall of Euribor and European Central Bank (ECB) rates forced the bank to significantly reduce its offers. In the last days We are seeing fixed mortgage rates decline by 0.2 to 0.5 percentage points.and they are already approaching 2%,” clarifies a representative of iAhorro.
Taking all this information into account, many questions arise: will Euribor continue to fall in the coming months? If I have to renegotiate my variable mortgage payment, will it go down like it has now? Will mortgage conditions improve in the future?
Leave your question at the office on October 30th.
To answer all these questions iAhorro and elEconomista.es organized El Consultoriolive broadcast that will take place next Wednesday, October 30, at 11.00.. The broadcast can be followed live on YouTube, Instagram, LinkedIn and TikTok iAhorro, as well as on all social networks elEconomista.es.
Users wishing to ask questions can do so via follow this link to elEconomista.es and by mail communicacion@iahorro.com. They can also Leave all your doubts these days on the social networks elEconomista.es and iAhorro..
In this program we will have iAhorro mortgage expert Enrique Vazzan and advisor to the same organization Jose Paino. Both have extensive experience managing mortgage operations for iAhorro users. During the live broadcast, they will tell you how the Euribor rate has developed in recent months and what is expected by the end of the year.
These are not the only questions that two iAhorro experts will answer. Also They will devote some space to answering questions users may have about types of mortgages.houses for investment, subrogation… Enrique Vazzan and José Paino will not leave any question unanswered.
Therefore, if you want to be updated with all the mortgage news and also resolve any doubts that you may have on this topic. Feel free to visit El Consultorio next Wednesday, October 30th at 11am.. Remember that you can Send all your questions to this link elEconomista.es. and all social networks iAhorro and elEconomista.es, as well as at comunicacion@iahorro.com.
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