Wednesday, 8 April 2009

Euribor 8/4/2009 (at 12 months)

Forecast of April average: 1,768 (Reliability: 30%)
Oficial value of day 8/4/09: 1,785

__Date___Interest rate_
01/4/2009 1,801 -0,011 -> Reduction compared prev. day:-0,607%
02/4/2009 1,791 -0,010 -> Reduction compared prev. day:-0,555%
03/04/2009 1,804 +0,013 -> Difference compared pre. day:+0,726%
06/04/2009 1,802 -0,002 -> Reduction compared prev. day:-0,111%
07/04/2009 1,796 -0,006 -> Reduction compared prev. day:-0,333%
08/04/2009 1,785 -0,011 -> Reduction compared prev. day:-0,612%
09/04/2009 1,782 Theorical expected value
14/04/2009 1,781 Theorical expected value
15/04/2009 1,777 Theorical expected value
16/04/2009 1,775 Theorical expected value
17/04/2009 1,770 Theorical expected value
20/04/2009 1,766 Theorical expected value
21/04/2009 1,754 Theorical expected value
22/04/2009 1,749 Theorical expected value
23/04/2009 1,744 Theorical expected value
24/04/2009 1,744 Theorical expected value
27/04/2009 1,742 Theorical expected value
28/04/2009 1,740 Theorical expected value
29/04/2009 1,735 Theorical expected value
30/04/2009 1,728 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: 689,70€
Compared one year ago (in April'08: 1001,79 €):
Expected monthly savings will be.: 312 €
Expected Yearly savings will be.: 3745 € (-31,15%)

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

Euribor rates from 1 week to 11 months of 8/04/2009:

1 we. 2 we. 3 we. 1 mo. 2 mo. 3 mo. 4 mo.
0,879 0,909 0,96 1,021 1,255 1,445 1,523
5 mo. 6 mo. 7 mo. 8 mo. 9 mo. 10 mo. 11 mo.
1,565 1,624 1,657 1,68 1,705 1,734 1,756

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

Published date: 08/04/2009 at 11:30

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