Re: Re: How is Spain going to deal with Negative Equity?

#102828
katy
Blocked

Yes we had a mortgage when we first got married. We also realised that property and mortgage rates can go up and didn’t borrow to the max.

These are average rates for mortgages with Building
Societies. Comparable figures prior to 1984 are not available….

Year Average Rate2 Basic Rate3
1984 12.19 11.88
1985 13.01 12.75
1986 12.32 12.30
1987 10.34 10.30
1988 12.75 12.77
1989 14.44 14.42
1990 14.34 14.48
1991 11.39 11.52
1992 8.98 8.98
1993 7.94 7.99
1994 7.84 8.14
1995 7.48 7.98
1996 6.51 7.00
1997 7.58 8.16
1998 7.29 7.75
1999 6.49 6.88
2000 6.65 7.31
2001 5.17 5.34

1 The average rates are based on information provided by Building
Societies. The figures reflect rates at the end of the year.

Really people with mortgages have never had it so good 😛