Monday, 2 February 2009

Euribor 02/02/2009, forecast for today of february average: 2,245

Oficial value of today 02/02/09: 2,259
Hypothetic projected value: 2,245 (reliability: 5%)

(Date format: dd/mm/yy)
<__date__interest>
02/02/09 2,2590 -0,0140 -> Reduction compared prev. day:-0,616%
03/02/09 2,2575 Theorical expected value
04/02/09 2,2560 Theorical expected value
05/02/09 2,2545 Theorical expected value
06/02/09 2,2530 Theorical expected value
09/02/09 2,2515 Theorical expected value
10/02/09 2,2500 Theorical expected value
11/02/09 2,2485 Theorical expected value
12/02/09 2,2470 Theorical expected value
13/02/09 2,2455 Theorical expected value
16/02/09 2,2440 Theorical expected value
17/02/09 2,2425 Theorical expected value
18/02/09 2,2410 Theorical expected value
19/02/09 2,2395 Theorical expected value
20/02/09 2,2380 Theorical expected value
23/02/09 2,2365 Theorical expected value
24/02/09 2,2350 Theorical expected value
25/02/09 2,2335 Theorical expected value
26/02/09 2,2320 Theorical expected value
27/02/09 2,2305 Theorical expected value

This is an example with the interest rate showed above:
A mortgage of 180.000 €.
Quantity added by the bank to the official interest rate: + 0,5
Mortgage years: 30.
The monthly payment will be: 734,36€ (-22,68%, compared one year ago)
Compared one year ago the expected monthly savings will be: 215€, and the expected yearly savings will be: 2584€

(The monthly payments are calculated using the french metod type)

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