Euribor forecast of May-2009 (at 12 months)

Forecast of May average: 1,678 (Reliability: 3%)
Oficial value of day 30/4/09: 1,728

 

Comments: This forecast has been done taking into account a hypothetic reduction rates of 25 basic points, leaving the official interest rate at 1,00. If at the end the ECB won't reduce the interest rate, obviously the forecast will be different. From my point of view this will be the possible floor of interest rates in Euro Zone.

__Date___Interest rate_

04/05/2009 1,725  Theorical expected value  
05/05/2009 1,719  Theorical expected value  
06/05/2009 1,707  Theorical expected value  
07/05/2009 1,702  ECB hypothetic reduction rates:-0,25

08/05/2009 1,698  Theorical expected value  
11/05/2009 1,695  Theorical expected value  
12/05/2009 1,694  Theorical expected value  
13/05/2009 1,690  Theorical expected value  
14/05/2009 1,688  Theorical expected value  
15/05/2009 1,683  Theorical expected value  
18/05/2009 1,679  Theorical expected value  
19/05/2009 1,667  Theorical expected value  
20/05/2009 1,662  Theorical expected value  
21/05/2009 1,657  Theorical expected value  
22/05/2009 1,657  Theorical expected value  
25/05/2009 1,655  Theorical expected value  
26/05/2009 1,653  Theorical expected value  
27/05/2009 1,648  Theorical expected value  
28/05/2009 1,641  Theorical expected value  
29/05/2009 1,635  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: 681,45€
Compared one year ago (in May'08: 1021,34 €):
Expected monthly savings will be.: 340 €
Expected Yearly savings will be.: 4078 € (-33,28%) 
 

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

 

Euribor from 1 week to 11 months of 30/04/2009:

 

1 we.	2 we.	3 we.	1 mo.	2 mo.	3 mo.	4 mo.
0,803	0,847	0,883	0,944	1,167	1,365	1,436
5 mo.	6 mo.	7 mo.	8 mo.	9 mo.	10 mo.	11 mo.
1,49	1,562	1,601	1,63	1,653	1,68	1,706

 

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

 

Published date: 30/04/2009 at 14:20