💥 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!
