But the ‘Inter-Bank’ swap rates are going up!
Unless you are already on a ‘Tracker’ – (do such mortgages exist in Spain ?), there is little chance of cheaper mortgages. And besides, who’s going to buy if the perception is that the house will be cheaper next month?
This is a whole new Economic arena and things are going to be very different from now on. The days of cheap money are over. Cutting rates will only prolong the agony; low rates got us into this mess in the first place. 🙄