When will the Euribor go down? The forecast from Housfy

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The Euribor opens in the summer with a value above 4% and the expert forecast is consolidated. His race to cross that threshold has been steady and steady, but he was thwarted from time to time in 2023 by the importunities of the market. On March 9, four months ago, its daily rate reached 3.978%. Within hours, the bankruptcy of Silicon Valley Bank in the United States had shaken the American and European banking systems. By March 14, its value had collapsed to 3.509%. However, the Euribor has proven to be resilient and has made hundreds of thousands of variable mortgages more expensive in its wake. As the financial dynamics of our country become Europeanized, those behind applying for a mortgage now prefer it fixed or, failing that, mixed.

Euribor forecast The Euribor would remain high during 2024, with slight decreases along with ECB rates The analysts and mortgage loan experts at Housfy Hipotecas agree on the same hypothesis: the reference index for Job Function Email Database variable mortgages would reach its ceiling at the end of 2023. I would make it around 4.5%. The worst-case scenario, and provided that the ECB decides to raise interest rates also in September, would place the Euribor a quarter of a point higher, at 4.75%, at the end of 2023. From there, a period of gradual de-escalation would begin in 2024 that would be in line with the ECB's interest rate reduction. As the following graph shows, the Euribor would enter 2025 with a rate similar to.



Euribor forecast graph for 2024 and 2025 married IMPROVE THE CONDITIONS OF YOUR MORTGAGE WITH A BROKER The cost of Europeanization Why are the Euribor and interest rates rising? The Euribor is subject to the interest rates set periodically by those responsible for monetary policy at the European Central Bank (ECB). Since 2022, the European institution has begun to apply restrictive financial conditions to slow the economy and maintain inflation in the euro zone. Spain has managed to moderate its inflation more successfully than most of its surrounding countries and registers a leading CPI of 1.9% in June 2023. The eurozone's objective is to reach 2% in. The European Central Bank yesterday raised the price of money.