Euribor a brand new day of declines and is located at 2025%

Euribor, the kind that are awarded the majority of mortgages in Spain, has put his daily rate in 2025%, which maintains the first listing of the month of March, the downward trend in recent months.

The indicator

Closed in February 2135%, the lowest level since June 2005 when it stood at 2103%, according to data should confirm that the Bank of Spain.

Chain index and five consecutive months of falls and fall in annual terms as semiannual variations reaches historic high, leading to falls "very steep" in monthly installments of repayment of mortgage loans variable rate as indicated by the Spanish Mortgage Association (AHE), which for half a mortgage will mean a reduction in the monthly fees of 143 euros.

AHE has also predicted that the Euribor will produce significant decreases in the annual reviews of fees during the second half of 2009. It has also warned that the new path of interest rates falling again to reproduce the existing scenario in the years 2003-2005 and therefore, from the standpoint of new mortgages granted the same kind of risks.

Therefore the AHE warned that borrowers should be aware that if you hire a mortgage now than before the expiry of the term of your mortgage loan is expected to change the path type again to reach values during 2007-2008, materializing a structural interest risk, despite the fact that at this juncture is not visible, has not disappeared from the market.