Euribor 2/3/2009 (at 12 months)

Forecast of march average: 1,914 (Reliability: 5%)
Oficial value of day 2/3/09: 2,025

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>
02/3/2009 2,025 -0,008 -> Reduction compared prev. day:-0,394%
03/3/2009 2,024 Theorical expected value
04/3/2009 2,024 Theorical expected value
05/3/2009 2,023 ECB hypothetic reduction rates:-0,50
06/3/2009 2,009 Theorical expected value
09/3/2009 1,995 Theorical expected value
10/3/2009 1,981 Theorical expected value
11/3/2009 1,967 Theorical expected value
12/3/2009 1,953 Theorical expected value
13/3/2009 1,939 Theorical expected value
16/3/2009 1,925 Theorical expected value
17/3/2009 1,911 Theorical expected value
18/3/2009 1,897 Theorical expected value
19/3/2009 1,883 Theorical expected value
20/3/2009 1,869 Theorical expected value
23/3/2009 1,855 Theorical expected value
24/3/2009 1,841 Theorical expected value
25/3/2009 1,827 Theorical expected value
26/3/2009 1,813 Theorical expected value
27/3/2009 1,799 Theorical expected value
30/3/2009 1,785 Theorical expected value
31/3/2009 1,771 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: 703,2€
Compared one year ago:
Expected monthly savings will be.: 273 €
Expected Yearly savings will be.: 3276 € (-27,97%)

(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: 2/3/2009 at 11:30