Euribor 02/7/2009 (12 months & other types)

Forecast of July average: 1,481 (Reliability: 8%)
Oficial value of day 02/7/09: 1,486

 

Comments: Today around 14 hours we will know the decision of ECB about interest rates, it seems that this month won't be any changes and the interest rates will be the same (1%). (The next update will be done tomorrow around 16:00 hours.)

 

(At the end of this info. you will find Euribor from 1 week to 11 months)

 

__Date___Interest rate_
01/07/2009 1,497 -0,007 -> Reduction compared prev. day:-0,465%
02/07/2009 1,486 -0,011 -> Reduction compared prev. day:-0,735%
03/07/2009 1,480  Theorical expected value  
06/07/2009 1,483  Theorical expected value  
07/07/2009 1,481  Theorical expected value  
08/07/2009 1,482  Theorical expected value  
09/07/2009 1,483  Theorical expected value  
10/07/2009 1,481  Theorical expected value  
13/07/2009 1,480  Theorical expected value  
14/07/2009 1,477  Theorical expected value  
15/07/2009 1,475  Theorical expected value  
16/07/2009 1,481  Theorical expected value  
17/07/2009 1,484  Theorical expected value  
20/07/2009 1,482  Theorical expected value  
21/07/2009 1,482  Theorical expected value  
22/07/2009 1,481  Theorical expected value  
23/07/2009 1,480  Theorical expected value  
24/07/2009 1,482  Theorical expected value  
27/07/2009 1,479  Theorical expected value  
28/07/2009 1,476  Theorical expected value  
29/07/2009 1,479  Theorical expected value  
30/07/2009 1,482  Theorical expected value  
31/07/2009 1,485  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: 663,61€
Compared one year ago (in July'08: 1066,84 €):
Expected monthly savings will be.: 403 €
Expected Yearly savings will be.: 4838 € (-37,80%) 
 

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

 

Euribor from 1 week to 11 months of 02/7/2009:

 

1 we.	2 we.	3 we.	1 mo.	2 mo.	3 mo.	4 mo.
0,45	0,535	0,624	0,728	0,883	1,072	1,155
5 mo.	6 mo.	7 mo.	8 mo.	9 mo.	10 mo.	11 mo.
1,224	1,291	1,33	1,367	1,404	1,432	1,462

 

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

 

Published date: 1/07/2009 at 12:35