Lending in Spain for March
March saw a big dip in completions for Spanish loans.
Interest rates are affecting the level of new loans
Published interest rates do not seem to match up with current reality. Average rates over a 25 year term are not realistic. Spanish Banks charge a margin above Euribor. The 12 month Euribor has been higher than the average rate for some months now.
Spanish Banks
Spanish lenders have started to see a net outflow. To their mortgage books. This has not happened for a few years now.
Read the full article:- Interest rates in Spain affect lending levels March
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