Madrid (EFE).- The twelve-month Euribor, the indicator most used to calculate mortgages in Spain, has registered great volatility in recent sessions after the doubts generated in the financial sector in the US and Europe, and this Thursday it falls to the lowest since January in the daily rate, but even so, it continues to rise in March.
According to market data collected by EFE, the Euribor falls sharply today, to its lowest since last January 27, since it has stood at a daily rate of 3.359%.
Even so, the monthly rate for March, which is used to review and calculate mortgage payments, remains on the rise, at 3.78%, higher than the 3.534% at which February closed.
The Euribor, which last Friday touched a daily rate of 4%, has registered unexpected behavior this week after the bankruptcy in the US of the Silicon Valley Bank (SVB), and the doubts generated yesterday by the situation of the Swiss Credit Suisse.
Last Friday, the indicator stood at 3.953%, but on Monday it dropped to 3.858%; and on Tuesday, at 3.509%.
Yesterday it rose again in the daily rate, to 3.662%, and today it falls again strongly to that 3.359%, pending the meeting of the European Central Bank (ECB) which, as announced, will rise this Thursday interest rates at 50 basis points.
Despite the fall registered today, the Euribor remains on the rise in March, at that 3.78%. Just one year ago, the indicator registered a negative rate of -0.237%.
This will mean that the variable mortgages that have to be reviewed with the data for March of this year will once again increase.
In the case of a 25-year mortgage of 150,000 euros, with a 1% Euribor differential, it will be about 300 per month, or about 3,600 euros per year.