{"id":812,"date":"2008-09-30T11:06:00","date_gmt":"2008-09-30T11:06:00","guid":{"rendered":"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/rise-in-spanish-mortgages"},"modified":"2016-03-10T13:05:31","modified_gmt":"2016-03-10T13:05:31","slug":"rise-in-spanish-mortgages","status":"publish","type":"post","link":"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/rise-in-spanish-mortgages\/","title":{"rendered":"Rise in Spanish mortgages"},"content":{"rendered":"<p>The Eur\u00edbor closes at 5.38% and average mortgage goes up by nearly 60 euros a month<br \/>The Eur\u00edbor interest rate has gone up once again. For the month of September it is set to close at 5.38% which is six hundredths more than last month. The Euribor interest rate which is used for the majority of mortgages in Spain went down slightly in August, however this appears to be just a blip and it now looks set to continue rising. Those people who have to review their mortgages will see it rise by about 59 euros for every 150,000 euros of credit (the average mortgage in Spain is the Eur\u00edbor plus 0.5% over 25 years). This works out at around 709 euros more per year. <\/p>\n<p>The Eur\u00edbor is now close to its historic high in July when it reached 5.393% and is far from the rate for September 2007 which was 4.72%. The Spanish government has asked the European Central Bank to review official interest rates which have been frozen at 4.25% (compared to 2% in the US) in order to try to put a brake on further rises in the Eur\u00edbor.  Further interest rate rises are expected to affect the number of people unable to pay their monthly mortgages which has risen from 0.50% to 1.30% in a year according to the Spanish Mortgage Association. <\/p>\n<p>Related: <a href=\"https:\/\/www.euroresidentes.com\/Property\/spain_mortgages.htm\">Mortgages in Spain<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Eur\u00edbor closes at 5.38% and average mortgage goes up by nearly 60 euros a monthThe Eur\u00edbor interest rate has gone up once again. For the month of September it is set to close at 5.38% which is six hundredths more than last month. The Euribor interest rate which is used for the majority of mortgages in Spain went down slightly in August, however this appears to be just a blip and it now looks set to continue rising. Those people who have to review their mortgages will see it rise by about 59 euros for every 150,000 euros of <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-812","post","type-post","status-publish","format-standard","hentry","category-sin-categoria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rise in Spanish mortgages - Buying property in Spain<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/rise-in-spanish-mortgages\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rise in Spanish mortgages - Buying property in Spain\" \/>\n<meta property=\"og:description\" content=\"The Eur\u00edbor closes at 5.38% and average mortgage goes up by nearly 60 euros a monthThe Eur\u00edbor interest rate has gone up once again. For the month of September it is set to close at 5.38% which is six hundredths more than last month. The Euribor interest rate which is used for the majority of mortgages in Spain went down slightly in August, however this appears to be just a blip and it now looks set to continue rising. Those people who have to review their mortgages will see it rise by about 59 euros for every 150,000 euros of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/rise-in-spanish-mortgages\/\" \/>\n<meta property=\"og:site_name\" content=\"Buying property in Spain\" \/>\n<meta property=\"article:published_time\" content=\"2008-09-30T11:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-03-10T13:05:31+00:00\" \/>\n<meta name=\"author\" content=\"euroresidentes\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"euroresidentes\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/rise-in-spanish-mortgages\/\",\"url\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/rise-in-spanish-mortgages\/\",\"name\":\"Rise in Spanish mortgages - Buying property in Spain\",\"isPartOf\":{\"@id\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/#website\"},\"datePublished\":\"2008-09-30T11:06:00+00:00\",\"dateModified\":\"2016-03-10T13:05:31+00:00\",\"author\":{\"@id\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/#\/schema\/person\/3079cc0ad7acb04ec2f26d72f31add9b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/rise-in-spanish-mortgages\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/rise-in-spanish-mortgages\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/rise-in-spanish-mortgages\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rise in Spanish mortgages\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/#website\",\"url\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/\",\"name\":\"Buying property in Spain\",\"description\":\"Euroresidentes\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"es\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/#\/schema\/person\/3079cc0ad7acb04ec2f26d72f31add9b\",\"name\":\"euroresidentes\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/340321f0c1d3581e26d3ff649a9b0467?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/340321f0c1d3581e26d3ff649a9b0467?s=96&d=mm&r=g\",\"caption\":\"euroresidentes\"},\"url\":\"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/author\/euroresidentes\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rise in Spanish mortgages - Buying property in Spain","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.euroresidentes.com\/euroresiuk\/buying-property-spain\/rise-in-spanish-mortgages\/","og_locale":"es_ES","og_type":"article","og_title":"Rise in Spanish mortgages - Buying property in Spain","og_description":"The Eur\u00edbor closes at 5.38% and average mortgage goes up by nearly 60 euros a monthThe Eur\u00edbor interest rate has gone up once again. 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