Wednesday, 6 May 2009

Euribor 6/5/2009 (12 months & other types)

Forecast of May average: 1,674 (Reliability: 15%)
Oficial value of day 06/5/09: 1,704

__Date___Interest rate_
04/05/2009 1,718 -0,010 -> Reduction compared prev. day:-0,579%
05/05/2009 1,710 -0,008 -> Reduction compared prev. day:-0,466%
06/05/2009 1,704 -0,006 -> Reduction compared prev. day:-0,351%
07/05/2009 1,699  ECB hypothetic reduction rates: -0,25 
08/05/2009 1,695  Theorical expected value 
11/05/2009 1,692  Theorical expected value 
12/05/2009 1,691  Theorical expected value 
13/05/2009 1,687  Theorical expected value 
14/05/2009 1,685  Theorical expected value 
15/05/2009 1,680  Theorical expected value 
18/05/2009 1,676  Theorical expected value 
19/05/2009 1,664  Theorical expected value 
20/05/2009 1,659  Theorical expected value 
21/05/2009 1,654  Theorical expected value 
22/05/2009 1,654  Theorical expected value 
25/05/2009 1,652  Theorical expected value 
26/05/2009 1,650  Theorical expected value 
27/05/2009 1,645  Theorical expected value 
28/05/2009 1,638  Theorical expected value 
29/05/2009 1,632  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: 681,09€
Compared one year ago (in May'08: 1021,34 €):
Expected monthly savings will be.: 340 €
Expected Yearly savings will be.: 4083 € (-33,31%) 

 
(The monthly payments are calculated using the french metod type)
 
Euribor from 1 week to 11 months of 06/05/2009:
 
1 we. 2 we. 3 we. 1 mo. 2 mo. 3 mo. 4 mo.
0,734 0,784 0,832 0,904 1,135 1,334 1,404
5 mo. 6 mo. 7 mo. 8 mo. 9 mo. 10 mo. 11 mo.
1,464 1,534 1,569 1,599 1,626 1,653 1,678
 
Note: On right you have a small application where you can calculate your mortgage monthly payment.
 
Published date: 06/05/2009 at 14:00

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