The new year is approaching and, with it, new market interest rate trends. We contacted the Housfy Hipotecas mortgage brokers to find out the best mortgages closed in December 2023.
The average fixed interest rate in the market, according to official data from the INE, was 3.40% in September 2023, while Housfy Hipotecas confirms having processed loans at 2.80% this last month to applicants who met a good profile financial.
Those who cannot access a competitive fixed mortgage opt for the mixed one, which is much more flexible and has a lower interest rate during the first years. In fact, Housfy has managed to sign a fixed interest rate of 1.85% for 3 years for the best mixed mortgage this December.
This Thursday dawns with the latest decision from those responsible for monetary policy in the euro zone. The ECB, which at its last meeting had kept interest rates at the same figure, left them unchanged again at 4.5% at the December meeting.
The Euribor, the main reference index for variable mortgages in Spain, is beginning to register drops in December. It closed November with 4.022%, but as of December 14 it already registered 3.719%. This may be due to the banks' optimistic perception of inflation in the eurozone, which is showing lower data than anticipated, and to the feeling that Christine Lagarde, president of the ECB, will not be able to maintain her speech. bullish for a long time.
But the European Central Bank warns that getting ahead of events can move the entire market. If banks relax and the market rallies too much before low inflation takes hold, the reverse effect could occur and inflation could rise again or remain high. In that case, the ECB would choose to raise rates again by 25 basis points more in January 2024.
