Tuesday, August 25, 2009

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ECB's variable rate mortgage rates will rebound in 2012, now the Euribor and 'lows

Nuovo minimo storico toccato dall'Euribor. Ma entro il 2012 i tassi torneranno a salire
L’Euribor a tre mesi, ovvero il tasso di riferimento per i prestiti interbancari, ha registrato un nuovo minimo storico, arrivando a quota 0,849%. In discesa anche la scadenza a sei mesi, da 1,111% a 1,107%, mentre la scadenza a una settimana รจ risalita da 0,342% a 0,345%.

Per i consumatori che hanno aperto un mutuo per la casa basato su tasso variabile, il nuovo minimo storico toccato dall’Euribor is good news, because it is the main reference rate for variable rate mortgages. In other words, more than the Euribor drops also decreases the monthly payment to be paid to pay off the mortgage. This is a trend that lasts at least a decade, but is intended, according to analysts, to reverse. There are many experts and market observers speculate that a future resumption of inflation. Most economists, specifically provides that the three-month Euribor will again rise as the global economy will begin to write the first substantial signs of recovery, perhaps as early as the end of the quarter.

Recall Euribor is taken as the parameter not only for adjustable-rate mortgages, but also for other forms of investment, such as variable-rate bonds, some mutual funds and derivatives contracts. Euribor future will be decisive in going the strategy of the European Central Bank.

waiting to learn the moves of the ECB, the markets show a 3-month Euribor, which will remain unchanged for September, to 0.82% and below 1% even at year end. By the end of 2012, however, the Euribor looks set to pull up and get 3%.

Street: http://www.businessonline.it

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