Thursday 12 March 2009

Euribor 12/3/2009 (at 12 months)

Forecast of march average: 1,942 (Reliability: 41%)
Oficial value of day 12/3/09: 1,931

Comments: It seems that the reduction has been enclosing, today olny has decreased a thousandth, for this reason I have updated the forecast accordingly.

__Date___Interest rate_
02-March 2,025 -0,008 -> Reduction compared prev. day:-0,394%
03-March 2,006 -0,019 -> Reduction compared prev. day:-0,938%
04-March 1,993 -0,013 -> Reduction compared prev. day:-0,648%
05-March 1,981 -0,012 -> Reduction compared prev. day:-0,602%
06-March 1,957 -0,024 -> Reduction compared prev. day:-1,212%
09-March 1,947 -0,010 -> Reduction compared prev. day:-0,511%
10-March 1,939 -0,008 -> Reduction compared prev. dat:-0,411%
11-March 1,932 -0,007 -> Reduction compared prev. dat:-0,361%
12-March 1,931 -0,001 -> Reduction compared prev. datr:-0,052%
13-March 1,930 Theorical expected value
16-March 1,929 Theorical expected value
17-March 1,928 Theorical expected value
18-March 1,927 Theorical expected value
19-March 1,926 Theorical expected value
20-March 1,925 Theorical expected value
23-March 1,924 Theorical expected value
24-March 1,923 Theorical expected value
25-March 1,922 Theorical expected value
26-March 1,921 Theorical expected value
27-March 1,920 Theorical expected value
30-March 1,919 Theorical expected value
31-March 1,918 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: 705,80€
Compared one year ago:
Expected monthly savings will be.: 270 €
Expected Yearly savings will be.: 3244 € (-27,70%)

(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: 12/03/2009 at 11:35

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