Euribor April 2021: Evolution of the Euribor in April

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Knowing the Euribor data is important if you are interested in applying for a mortgage or, if you want to stay informed to know how it will affect the review of your loan. Today we talk about the evolution of the Euribor .


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In April the average Euribor was at -0.484% , there has been a slight increase compared to last month (-0.847%) but it is still at negative values ​​and well below the Euribor in, which was -0.108%.

The coronavirus crisis and its effects on the economy have had a clear impact on Chinese Overseas America Number Data the Euribor. Before March 2020, the index had already been in negative values ​​for 5 years but since Novembehistorical lows have been reached .

How will it affect mortgages?
For those mortgaged with variable interest loans this is great news, if the next review is based on April data they will have a monthly reduction of €20, that is, €240 less per year.

This has consequences for banks, which will not be able to make as many profits. That is why the interest rates on fixed mortgages have dropped and better conditions are beginning to be offered to attract new customers.

Euribor April 2021
Source: Cinco Días, El País. Euribor evolution table in April

2021 forecasts
Everything indicates that the Euribor will continue to remain at negative values ​​during 2021, with an upward trend in the coming months, but it will not exceed 0%. Experts predict that the Euribor will not begin to be seen in positive values ​​until 2 or 3 years from now.

For those who are considering buying a house it is a great time, mortgages continue to get cheaper. If you opt for a variable mortgage, the first years indicate that the payment will be lower and if you are interested in a fixed rate mortgage, the conditions and interests are much better than in the past and you ensure that payment for the entire life of the loan. .



How can I calculate my installment with Euribor?
If you want to know how much you will have to pay in fees for your next review, you will have to distinguish between the different parts of the fee:

The reference index. The most common thing is that the bank takes the average contribution for the month or semester and applies it to your mortgage.
Mortgage differential. It applies to the Euribor today and is a fixed interest that the bank charges to guarantee a profit, even if the index is at negative values.

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If you are interested in taking advantage of the moment and taking out a mortgage with the best conditions for your profile, do not hesitate to contact our team at Housfy Mortgages . We have more than 80 mortgage brokers accredited by the Bank of Spain, who will be happy to help you get a mortgage or 100 mortgage financing .