Work Force 2008

Good news for borrowers in 2009

by admin on 22/10/08 at 2:07 am

Besides the anti-crisis measures of the government that the article quoted above, an ‘ASCA published statements of experts and a statement from the governor of the ECB Jean Claude Trichet.
In his 2009 will give pleasant surprises to those who have to pay a mortgage.
Euribor rates continue to decline for most of 2009.

In practice, in recent weeks, the Euribor has fallen well over 100 basis points. Which means that those who are repaying a loan variable rate will find a pleasant surprise when the next installment will look, the month of November. The scenario that there is watching the trend Euribor, and taking into account the level of interbank rates still traveling a premium compared to the reference rate of the ECB, which is’ equal to 3.25%, allows to assume – as experts – that in 2009 the rate will continue to decline. A hypothesis reinforced by the statements made in recent days by the governor of the ECB Jean Claude Trichet, who has not ruled out, even in the short, a new cutting the cost of money.

In this case the interest payable on a variable mortgage would be further reduced. An effect that could continue for months to come, whereas expire the cold winds of recession and that the bankers will be forced to feed the economy with a low cost of money, from which families can also benefit, given together with low trust in our country borrowers have, for example, the Convention Abi-Treasury to reschedule the loans, they also talked about the governor of the Bank of Italy Mario Draghi interview at the World Savings Day last October 31. In short, if the markets for 2008 was’ proved ‘fatal’, the horizon can ‘glimpse some already cleared’ for the year will be ‘.

We hope that the predictions come true and finally easing the rate of the loan, allowing more money to the people, more consumption and a restart of the economy.