Euribor interest rate
The Euribor mortgage index keep on bringing us good news. The updated data show us that monthly mortgages payments will decrease in a media of about 55 euros or 660 per year on average.
March 2013 rate is well below the 1.499% recorded in the same month of 2012. This difference of almost one point, resulting in lower monthly mortgage payments. For instance, a holder of an average mortgage of 120,000 € to be paid in 20 years, under Euribor reference will paying 636 € will pay 581 € after a revision in April.