Bad news for those with mortgages. Is it your condition? – forever young

Bad news for those with mortgages.  Is it your condition?  – forever young

Today, Euribor prices rose to three, six and 12 months compared to Thursday, in the two shortest periods to new highs since the beginning of 2009, Lusa is advancing.

It is said that «the rate of six-month Euribor, the most used in Portugal for housing loans and which entered the positive zone on June 6, rose today to 2.466%, plus 0.010 points, which is a new maximum since January 2009», while «the average Euribor rose for six months, from 1.997% in October to 2.321% in November.

Six-month Euribor has been negative for six years and seven months (between November 6, 2015, and June 3, 2022), Llosa says.

“The three-month Euribor index, which entered positive territory on July 14 for the first time since April 2015, also rose today, set at 2.005%, up 0.015 points from Thursday, and a new high since February 2009,” he said. He adds, “The three-month Euribor price was negative between April 21, 2015 and last July 13 (seven years and two months).”

The 3-month average Euribor rose from 1.428% in October to 1.825% in November.

Within 12 months, the Euribor also rose today, set at 2.861%, up 0.003 points from Thursday, against 2.892% on November 28 and 29, the maximum since January 2009.

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By Andrea Hargraves

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