The Euribor rate
Once again, this month the Euribor European central mortgage index (Euro Interbank Offered Rate) will give the home owners some rest and let some euros stay in their pockets.
In August the Euribor falls to 0.542%, so all the mortgages linked to this index –and due to review- can expect to get their monthly house payment cheapen in an average of about 20 €, which means an average of about 240 € a year.