The Euribor will close December at 2.2% and the fee will become more expensive by more than 1,500 euros per year, according to Asufin

For a standard loan of 100,000 euros at 25 years

MADRID, 1 Sep. (EUROPA PRESS) -

The Euribor will stand at 2.2% at the end of the year, which means that the annual revisions to determine the cost of the installments will make family loans more expensive by 130 euros per month, and more than 1,500 euros per year, according to the forecast that Asufin has shared this Thursday through a statement.

If this trend continues, the association believes it is "possible" that in 2023 a 12-month Euribor of 3% will be reached, which would mean an increase in the cost of mortgages above 2,000 euros per year, taking as a reference a loan type of 100,000 euros at 25 years.

The monthly Euribor for August, known yesterday, of 1.25% means "overcoming the psychological barrier of 1%" and making the loan to be reviewed in that month more expensive by nearly 1,000 euros --specifically, 978 euros-- as result of the increase in the monthly fee of 81 euros. The association recalls that when the index crossed the psychological barrier of the positive digit, in April, with 0.01%, the increase in the share was just 23 euros, with an annual difference of 272 euros.

These changes are already being transferred to the field of fixed mortgages, with an offer "disappearing in many cases", since banks are very cautious when granting the change from variable to fixed mortgage, as Asufin maintains.

The association also calls for "paying close attention" to the combined sale of non-loan products, with the aim of adjusting the price downwards. "The final price of the contracted mortgage, in terms of APR, with these products", such as insurance or pension plans, "is usually higher than if we dispense with the discount applied to the interest rate and go to the market in search of of better options," he concludes.