Spanish families in 2009 will save about 20,000 million in mortgage loans rebates Euribor

Date: December 18, 2008	Source: Economic @ 21
Category: Economy

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At 20,000 million euros has estimated the Spanish Mortgage Association (AHE) reducing the financial burden of mortgage loans transferred once rebates Euribor market.

Whatever the reference and the review process used will affect every month to 6.2% of loans outstanding, approximately, although according to expert estimates most widely used reference for calculating interest rates on mortgage loans, Euribor is expected to fall below 3% for the combined mass of 2009.

This suggests, as was already mentioned in previous publications , and l to an average mortgage savings may be around 300 euros a month since the Euribor reached its peak a few months ago, one of the measures that will clearly result in savings of households and thus on consumption as an engine for economic recovery in the countries of the Union.

One Response to "save Spanish families in 2009 about 20,000 million in mortgage loans rebates Euribor"

1. Weekly Summary 3rd / December 2008 said:
   December 20, 2008 at 15:01

   [...] Spanish families may increase their savings in 2009 to 300 euros a month, thanks to sharp falls in interest rates which in turn dragged the Euribor, [...]