Euribor forecast of march (at 12 months)

Forecast of march average: 1,931 (Reliability: 3%)
Oficial value of day 27/2/09: 2,033
(Click here to show the last value of euribor)

Comments: This forecast has been done taking into account an hypothetic reduction rates of 50 basic points, leaving the official interest rate at 1,5O. If at the end the ECB won't reduce the interest rate, obviously the forecast will be different.

(Date format: dd/m/yyyy)
<__date__interest>
2/3/2009 2,033 Theorical expected value
3/3/2009 2,030 Theorical expected value
4/3/2009 2,029 Theorical expected value
5/3/2009 2,025 ECB hypothetic reduction rates:-0,50
6/3/2009 2,011 Theorical expected value
9/3/2009 1,997 Theorical expected value
10/3/2009 1,983 Theorical expected value
11/3/2009 1,969 Theorical expected value
12/3/2009 1,955 Theorical expected value
13/3/2009 1,941 Theorical expected value
16/3/2009 1,927 Theorical expected value
17/3/2009 1,913 Theorical expected value
18/3/2009 1,899 Theorical expected value
19/3/2009 1,885 Theorical expected value
20/3/2009 1,871 Theorical expected value
23/3/2009 1,857 Theorical expected value
24/3/2009 1,843 Theorical expected value
25/3/2009 1,829 Theorical expected value
26/3/2009 1,815 Theorical expected value
27/3/2009 1,801 Theorical expected value
30/3/2009 1,787 Theorical expected value
31/3/2009 1,773 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: 704,78€
Compared one year ago:
Expected monthly savings will be.: 271 €
Expected Yearly savings will be.: 3257 € (-27,80%)

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

Note: On right you have a small application where you can calculate your mortgage monthly payment.

Comment: On top right in the link "Euribor rates (1w.-12m)" you will find the 15 types of Euribor, (updated every day around 14:00 hours).

Published date: 27/2/2009 at 15:00