Euribor forecast of June-2009 (at 12 months)

Forecast of June average: 1,602 (Reliability: 2%)
Oficial value of day 29/5/09: 1,631

 

Comments: This forecast has been done taking into account that the interest rates will remanins unchanged during this month.The current interest rate in Euro Zone it's: 1,00%..

__Date___Interest rate_

01/06/2009 1,628  Theorical expected value  
02/06/2009 1,618  Theorical expected value  
03/06/2009 1,615  Theorical expected value  
04/06/2009 1,612  ECB no action, remains unchanged 
05/06/2009 1,610  Theorical expected value  
08/06/2009 1,608  Theorical expected value  
09/06/2009 1,605  Theorical expected value  
10/06/2009 1,605  Theorical expected value  
11/06/2009 1,603  Theorical expected value  
12/06/2009 1,602  Theorical expected value  
15/06/2009 1,599  Theorical expected value  
16/06/2009 1,597  Theorical expected value  
17/06/2009 1,600  Theorical expected value  
18/06/2009 1,597  Theorical expected value  
19/06/2009 1,599  Theorical expected value  
22/06/2009 1,599  Theorical expected value  
23/06/2009 1,598  Theorical expected value  
24/06/2009 1,597  Theorical expected value  
25/06/2009 1,594  Theorical expected value  
26/06/2009 1,591  Theorical expected value  
29/06/2009 1,588  Theorical expected value  
30/06/2009 1,588  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: 674,53€
Compared one year ago (in June'08: 1063,04 €):
Expected monthly savings will be.: 388 €
Expected Yearly savings will be.: 4662 € (-36,55%) 
 

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

 

Euribor from 1 week to 11 months of 29/05/2009:

 

1 we.	2 we.	3 we.	1 mo.	2 mo.	3 mo.	4 mo.
0,898	0,908	0,914	0,935	1,084	1,269	1,336
5 mo.	6 mo.	7 mo.	8 mo.	9 mo.	10 mo.	11 mo.
1,402	1,465	1,494	1,53	1,56	1,583	1,605

 

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

 

Published date: 29/05/2009 at 14:30