The Slight Rise in Euribor Makes Mortgages More Expensive for the First Time since May 2019

4 May 2020 – Brainsre.news

April ended with a provisional average twelve-month Euribor rate of -0.108%, compared to the -0.266% registered the previous month. That makes an average 20-year mortgage of €100,000 with a differential of 1 percentage point above Euribor, 22 cents more expensive per month.

In the end, the twelve-month Euribor rate rose on 30 April to -0.188%, after the last three days of the month surprised with slight declines that cast doubt over its upwards trend.

April ended with a provisional average twelve-month Euribor rate of -0.108%, compared to the -0.266% registered the previous month. That makes an average 20-year mortgage of €100,000 with a differential of 1 percentage point above Euribor, 22 cents more expensive per month.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

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