Further increases planned for the rates on loans
by admin on 11/11/08 at 7:20 pm
It heralds a new stanza for Italian families who have turned their misfortune for a home loan variable rate. This type of mortgage is known as variable rate is pegged to the evolution of the official discount rate in Europe is called Euribor and for this reason, when the official rate increases, also increases the rate to be paid together with interest.
Today, Jean Claude Trichet, the president of the ECB (European Central Bank) has announced the rise in reference rates a quarter point, motivating this choice with the concerns related to inflation. After a deadlock about a year and then comes a touch of rates which adds fuel to the fire for families burdened by increasing expenditures and increases in all sectors.
Partly to help them continue to increase, should be the new rules of the government, recently launched, which have easier rules and the possibility of renegotiation and subrogation of mortgage loans, so now you can easily change the loan now dated with the most convenient and in line with macroeconomic changes occurring recently. We recall that the Italian families almost always turn on loans for very valid reasons as that of ‘buying a first house, which is a primary that every family should have the right to obtain.
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