We enter the final month of the year with the upgrade could be the last lows that marked the Euribor rate for many years. The month of November ended with a Euribor located at 1.231%, ie, a minimum decrease compared to October and much fear for the future.
I commented recently in trying to intuit that to happen in the Euribor for the next 2010. And is that with the European Central Bank focused on economic recovery, it appears that it will be many months before the official rate again to recover.
We recently had the first official announcement that many European countries were beginning to wake up after this economic slowdown, which would inevitably entail a rise in official rates as signs of recovery are more tangible.
This leaves us with a grant Euribor rates which will absorb these increases very rapidly, so it would not be surprising that in a few months this rate mortgage set to leave the ground on 1% to upper bounds.
Could this be a good opportunity to qualify for a flat rate for our mortgage, but for the poor offers made by banks in this regard, and that only offer 2 or 3 year fixed rate before the terms agreed to renegotiate again .
In summary, we seize these months of apparent quiet to be closing any financing gaps that we left open. In a few months will be more complicated to deal with our personal finances.
Mortgages in Blog | 2010 Euribor
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