Mortgage Fees on the Rise as 12-month Euribor Rate Hits 3.72% in March

The 12-month Euribor, a widely used indicator in Spain to calculate variable mortgages, is expected to close March on the rise once again, hovering around 3.72%. This means that mortgage holders who review their loans annually will see a slight increase in their fees, while those who review their loans semi-annually will experience some relief.

As of March, the average 12-month Euribor rate stands at 3.72%, up from 3.671% in February and an increase from the same time last year when it was at an average of 3.647%. For those who review their mortgages annually, this means they will see an increase in their fees. However, for those who review their loans semi-annually, they will experience some relief.

The rise in the Euribor in March is expected to lead to an increase in the fees for mortgage holders who review their loans annually, while those who review semi-annually will see a slight reduction. Analysts predict that the Euribor is likely to remain stable or trend slightly downward until June when the European Central Bank is expected to reduce interest rates.

However, uncertainties such as economic slowdowns, inflation, and geopolitical conflicts could impact its trajectory in the long term. While experts predict a slight decrease in the Euribor in the second half of the year, significant drops are possible over time. In conclusion, mortgage holders should stay informed about market trends and central bank decisions to make informed decisions regarding their loans.