http://www.spanishpropertyinsight.com/buff/2009/11/02/latest-euribor-and-spanish-mortgage-news-3/ The lowdown on Spanish property Mon, 15 Mar 2010 11:54:14 +0100 http://wordpress.org/?v=2.8.4 hourly 1 http://www.spanishpropertyinsight.com/buff/2009/11/02/latest-euribor-and-spanish-mortgage-news-3/comment-page-1/#comment-523 Spanish mortgage update « HomeSalesontheWeb Team Blog Wed, 04 Nov 2009 14:58:41 +0000 http://www.spanishpropertyinsight.com/buff/?p=2964#comment-523 [...] This has been great news for property owners who want to wait out the current market slump rather than be forced to sell low.  He calculates that monthly repayments on a typical annually-resetting mortgage (150,000 Euros, 25 years) will drop by around 300 Euros a month, or 4,000 Euros a year, to 640 Euros/month thanks to this drop in rates. This is also predicted to continue to fall until the early part of 2010, much to the relief of homeowners. To read the full story visit Spanish Property Insight  [...] [...] This has been great news for property owners who want to wait out the current market slump rather than be forced to sell low.  He calculates that monthly repayments on a typical annually-resetting mortgage (150,000 Euros, 25 years) will drop by around 300 Euros a month, or 4,000 Euros a year, to 640 Euros/month thanks to this drop in rates. This is also predicted to continue to fall until the early part of 2010, much to the relief of homeowners. To read the full story visit Spanish Property Insight  [...]

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