The Euribor closes August at 0,542% reducing the price of mortgages in nearly 270 Euros per year.

The main reference index for mortgages in Spain, the Euribor, has fallen 0,336 points in August in reference to the level shown during the same month in 2012, reaching 0,542%.

On the other hand, the reference rate has increased slightly in reference to the previous month, linking three consecutive months of increase.

In spite of this, those families revising their mortgage with the figure of August will pay 22,2 Euros less, taking into consideration an average mortgage of 150.000 Euros at 25 years. The Spanish mortgaged families will see their expenses reduced in 267 Euros per year. (…)

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