Euribor at historic lows will soon begin to be felt especially on loans already made and variables are indexed to average quarterly, those who – despite the continued reduction in the cost of money – so far have struggled to adapt!
With the closing of the first quarter of 2009 many banks to adjust the parameters on which the new rates are calculated from April onwards and thinking in terms of rates in the first quarter Euribor 3 months (base 360) has recorded an average of 2 , 01% against 4.21% for the quarter October-December and reached 4.98% between June and September.
This means that with a little example for funding indexed to the rate in April 100.000,00 EUR rates recorded in the first three months of 2009 (+1% spread) may be less expensive on average by 20% compared to payments made last fall.
The speech, of course, can also be seen in perspective diametrically opposite those states currently in a loan at a variable rate must expect that rates will not remain at these levels forever, and you should consider well the system chosen on the basis of their disposable income, so perhaps it is better to fall back on the safety of fixed rates. On new loans also must consider that the banks have revised significantly upwards spreads, partially canceling out the benefits of lower interest rates.
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