According to Deco Proteste’s calculations, mortgage payments will decrease in April for contracts indexed to the six- and three-month Euribor rate, and worsen over the 12-month period. The six-month average rate followed the rest and remained below 4% in March.
12-month adjustable rate loans are the only home loans that will see installment increases in April. For a loan of 150 thousand euros, with a term of 30 years and a spread of 1%, the installment ranges from 773.19 euros to 779.76 euros, plus 6.57 euros per month until April 2025, according to calculations by Deco Proteste.
On the other hand, the average six-month rate was set at 3.897%, which allowed the contribution to be reduced from 807.98 euros to 795.82 euros in the case of a loan of 150 thousand euros for a term of 30 years and 1% per annum. spreading. In other words, this month’s contract renegotiation dictates a reduction of €12.16.
Also three months later, the rate cut reduces the April premium by less than one euro. For a loan under the same conditions, the payment will be reduced to 798.37 euros, which is 0.91 euros less than the amount established in January.
According to Muno Rico, an economist at Deco Proteste and a specialist in the banking sector, in the coming months interest rates are expected to continue to have “small fluctuations, although they will remain at high levels.”
It is predicted that the European Central Bank may begin cutting rates as early as June.
Author: Raquel Oliveira
Source: CM Jornal
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