EURIBOR

The Euribor, the kind that granted most of the mortgages in Spain, the daily rate stands at 2347%, the lowest since October 6, 2005, when it reached 2337% e1.

The peak month was placed in 2696%, the lowest since November 2005 when it stood at 2684%.

The indicator continues to advance in their tendency to lie close to the official interest rates, currently at 2%, followed by cuts applied by the European Central Bank.

This continued cut rebates Euribor has allowed in more than 100 euros a month in fees that users pay for their mortgages, however, some experts say that banks should compensate this loss by raising the income differentials in new mortgages, which until now stood at around 0.75%.

However, the Spanish Mortgage Association (AHE) said that the fall of the Euribor ease this year more than 20% of the financial burden of monthly premiums that families face.