It will have raised of types of interest in September

    It seemed that the American real estate crisis caused by the formalization in dispersed of the mortgages sweepings or subprioritizes, the injections of liquidity on the part of the European Central bank, those of the American Federal Reserve and the corresponding ones of the Central bank of Japan were going to prevent the next ascent of types of interest, announced for the month of September.

    But apparently the crisis does not have sufficient value and the BCE presided over by Jean-Claude Trichet made glimpse that nothing or nobody were going to twist its plans and that if that will rise to a quarter of point next the 6 of September of 2007 the types of interest.

    Evidently, these intentions that glimpse, are too forceful and have serious repercussions in the Euribor, taking vertiginous rises as the mentioned date approaches. We have finished the week with the euribor to the value of 4.78%. The index finished July with a value of 4.564% and still without finishing August it has raised near a 0.25%. This is going to have serious repercussions at monetary level in the next revisions of the listed mortgages to variable interest to the euribor and this already is a distressing preoccupation for many families who see that every time they must destine a greater percentage to the payment of the monthly payment of his mortgages.

    When the European Central bank raises the type of interest, it means that the price raises which gives the money to the banks. Then the banking organizations also raise the interest which give money to each other, and this repels directly in the value of the euribor, since this it is an arithmetic mean of the interest to which the money is lent to each other the most important banks. So the ascents of types on the part of the BCE, are the ominous news for the pockets of the Spaniards who have a hypothecating loan to referenced variable interest to the euribor.