This morning Mr. Salmones, who is a close friend of my boss, has been to the office since they have eaten together many times at the La Moraleja Club. He has come because seems to have had a problem and he says that at the moment he cannot use the pool and that it was very hot, so my boss asked him for one of his houses (he insisted that none of La Moraleja) to spend the summer. My boss has left him one until September and very grateful Mr. Salmones has smoked a cigar with my boss and He has given him a gift and told him “take this, so that the grantee can make a raffle among the readers.”
And it’s a gift, you’re going to love it, and since I know it’s very valuable, I don’t want to have it in the office and we will raffle it tomorrow. Stay tuned.
Update. I see that you put the Euribor forecast in the comments area but the draw will be tomorrow. Tomorrow you will have to put the euribor of Thursday.
Thank you Scholar, I am intrigued by the gift but more by today’s Euribor.
We continue with the roller coaster on which the Euribor has been riding lately. After yesterday’s important descent, today he returns to his old ways and turns around, specifically the indicator most used in mortgages in Spain rises 37 thousandths in its daily rate to 1,052%, with which we consolidate 1%.
As for the monthly average, with thirteen listed securities, the Euribor momentarily stays at +0.943%, a significant rise with respect to the value marked a year ago when it was at -0.491%, which will considerably increase the cost of all the variable mortgages that they will have to review soon.
For practical purposes, this means that a mortgage of €180,000 over 25 years with a spread of 1% and semi-annual review will go from paying €640 per month to €758. This is €118 more per month or €1,401 more per year.
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