The Euribor rose in January to -4.77%
The Euribor, the index to which most Spanish mortgages are referenced, closed last month at -4.77%, which represents an increase compared to the -0.502 registered in December. The index yesterday stood at -0.453%. In this way, the monthly value is the highest since October of last year, when it marked the maximum value of 2021, of -0.477%.
This means that 20-year mortgages of 120,000 euros with a spread of Euribor +1% that are subject to revision will experience a reduction of 16.4 euros in its annual fee compared to the same month last year or, what is the same, 1.4 euros per month.
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