National Institute
The index closes month below the July level, but superficially that for a year. For a loan of 120,000 Euros it supposes 42 Euros more to the month. The fear to that stops the tensions of the debt shot the hypothecating index. The eurbor, type to which the majority of the mortgages in Spain is rrenciadas, closes the month of August in the 2,097% after raising this Wednesday 4 thousandth, with this value the index closes the month below the level of July (2.183%), but this reduction does not suppose a reduction in price of the mortgages, since the indicator was in levels inferiors a year ago. In particular, in an average loan of 120,000 Euros, according to data of the National Institute of Estadstica (INE), to a term of 25 years and with a differential of 1%, the hypothecating quotas will be placed as of August in 575 Euros to the month, which supposes a rise of 42 Euros with respect to which it paid a year ago. In case the revision is semester, the ascent will be of […]