Check out our latest press release here :- http://www.prlog.org/10147800-spanish-mortgage-market-what-now.html
The Spanish mortgage market - what now ?
Friday, November 28, 2008
Tuesday, November 25, 2008
The Euribor inter-bank thingy
Equivalent of the LIBOR in the UK, Euribor is the inter-bank rate in the euro zone, and recently has been a great illustration of the banks' reluctance to lend to each other
But it has been falling steadily since the co-ordinated base rate cuts, and the 12 month rate is today teetering on the brink of falling through the 4% level
With banks in Spain adding a margin on top of this, we should begin to see variable mortgage rates in Spain under the 5% mark. And it has been a while since we have seen this.
Loan-to-value, however, is another issue entirely.
Check out the mortgage site at www.europamortgages.com
and our sister site with the cool name www.amortgageinspain.com
But it has been falling steadily since the co-ordinated base rate cuts, and the 12 month rate is today teetering on the brink of falling through the 4% level
With banks in Spain adding a margin on top of this, we should begin to see variable mortgage rates in Spain under the 5% mark. And it has been a while since we have seen this.
Loan-to-value, however, is another issue entirely.
Check out the mortgage site at www.europamortgages.com
and our sister site with the cool name www.amortgageinspain.com
Lazy Sunday
Ok, so I have been really lazy and not posted anything on my blog for over a year now. I was googling my company name and came across my blog entries. Bit shocked to see November 14th 2007 was the last entry.
Nevermind, it's been a quiet year for the banking and finance world...................
Nevermind, it's been a quiet year for the banking and finance world...................