The Euribor closes June to 5.361

The indicator most commonly used for the calculation of the Euribor mortgages closed the month of June in 5361 and marked% and a monthly record high at 0113 points located above the highest level in its history.
Thursday, the European Central Bank meets to assess its monetary policy and decide if it goes up again interest rates.
These data, which must be confirmed by the Bank of Spain in mid-July, they account for mortgages taken out a year ago, an increase of nearly 900 euros. Desde que comenzara a cotizar, en enero de 1999, el Euribor sólo había superado el 5% en cinco ocasiones, entre julio y noviembre de 2000. Since it began trading in January 1999, the Euribor had just passed the 5% on five occasions between July and November 2000.
The experts suggest that this indicator will continue its upward climb, rising household debt, which as of this June, also will face rising rates of light, the cost of crude oil and rising inflation .
Specifically, the Consumer Price Index (CPI) for the eurozone rose three tenths in June and stood at 4%, a new record high, according to preliminary data published today by the EU statistical office, Eurostat, while Harmonized CPI in Spain already reaches 5, 1% in June.
In addition, the mortgage delinquencies of Spanish households will reach 2% by the end of the year (from 1% today) and will continue to grow steadily in 2009, a higher rate than in other countries of the Economic Monetary Union (EMU), according estimates of the Spanish Mortgage Association (AHE).