Heels|The most common reference rate on mortgages dropped to 2.1 %. “The biggest drop in almost a year and a half,” says Nordea’s main analyst.
Mortgage The most common reference rate, the 12 -month Euribor, again dropped to a new bottom. On Tuesday, Euribor was quoted to 2.107 %.
“The 12 -month Euribor collapsed today to nearly 2.1 %, with Trump’s destructive duties swinging little in every direction. This is the largest drop in almost a year and a half,” Nordea’s main analyst Jan from Gerich Message Service in X.
Most recently, this Euribor was so low in mid -September 2022.
Chief Economist of the Finnish Entrepreneurs Juhana Brotherus comment In xthat the drop is “a thin, thin silver border in the Storm of the Trade War for housing debtors and debtors.”
In the process Market expectations for interest rates have also accelerated. The market is now waiting for the three -month Euribor to fall to about 1.85 % by the beginning of October. Back at the end of March, the market had long been waiting for a three -month Euribor to stop at about 2 %.
The Euribor market of the year expects to fall to about 2 %.
European The Central Bank (ECB) will next week will decide on its steering charts next week.
In March, the ECB decreased its most important control interest rate, that is, the interest rate on banks’ night deposits from 2.75 % to 2.5 %. The ECB is expected to lower interest next week.
“ECB’s interest rate drop for next week, talks about the future and emergency readiness at the center,” Brothers estimates.