Mortgage holders in Spain who review their loans annually can expect to see a slight increase in their fees as the 12-month Eurbor is expected to close March at around 3.72%. Those who review their payments semi-annually will experience some relief, as the indicator has been on the rise, standing at an average rate of 3.72% in March, compared to 3.671% in February and 3.647% a year ago.
The Eurbor’s recent increases have been attributed to the tough stance of the European Central Bank and uncertainties in the geopolitical field. Despite initial expectations of a significant drop due to potential rate cuts by central banks, the indicator has remained relatively stable. Experts predict that it may continue to fluctuate around 3.7% in the short term, with small rises and falls. However, in the longer term, there may be a significant decrease starting from June, potentially ending up in the range of 3% to 3.5% by the end of 2024.
The future trajectory of the Eurbor remains uncertain, but analysts foresee potential stability and even a downward trend in the months ahead. It’s important for mortgage holders to review their loans regularly and make informed decisions based on current market conditions and expert advice.
:max_bytes(150000):strip_icc()/GettyImages-1935916858-c1f1008d45bd4eaaa21a8435fc257141.jpg)