???? Good news for mortgage holders!
Euribor is going down! In February, it dropped to 2.4%, while a year ago it was as high as 3.6%. A small change, but hey, every little helps!
❓ What does this mean for you?
If you have a variable-rate mortgage, your monthly payment might drop by around €100! That’s €1,200 per year – enough for a vacation or, let’s say, 300 cappuccinos (unless you’re in central Barcelona).
???? Why is Euribor falling?
✔ The European Central Bank (ECB) is cutting interest rates to support the economy.
✔ Markets expect rates to keep dropping in 2025… but nothing is guaranteed.
⚠️ But don’t celebrate just yet!
Some ECB officials warn that cutting rates too fast could overheat the economy – like leaving your oven on preheat for too long. So at some point, the rate cuts might slow down or stop altogether.
???? What’s next?
???? Optimists say Euribor could drop further to 2.1–2.2% by the end of the year.
???? Pessimists warn it could bounce back to 2.7% in 2025.
Truth is, no one knows for sure – predictions change faster than TikTok trends.
???? What should you do if you have a variable-rate mortgage?
???? Stay informed – now might be a good time to review your mortgage conditions or consider refinancing.
Have you noticed a drop in your mortgage payments yet? Drop a comment below, let’s discuss!
