Euribor 7/5/2009 (12 months & other types)

Forecast of May average: 1,674 (Reliability: 20%)
Oficial value of day 07/5/09: 1,699

Comments: Today around 14 hours we will know the ECB decision about interest rates in Euro Zone, we expect that will be decreased in 25 basic points, leaving the official interest rates in the Euro Zone at 1%, and probably this value will be very closed of the minimum value.

__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 -0,005 -> Reduction compared prev. day:-0,293%
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 07/05/2009:

 

1 we.	2 we.	3 we.	1 mo.	2 mo.	3 mo.	4 mo.
0,72	0,771	0,818	0,894	1,127	1,327	1,397
5 mo.	6 mo.	7 mo.	8 mo.	9 mo.	10 mo.	11 mo.
1,456	1,527	1,563	1,594	1,621	1,649	1,674

 

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

 

Published date: 07/05/2009 at 14:00