Millions of mortgage holders are getting their Christmas presents ahead of time. The Euribor rate, the most-used reference for calculating variable mortgage rates in Spain, has decreased to 4.35% in November meaning that mortgage payments are set to decrease for the first time in three years and two months. Taking out a 25-year mortgage at this month's rate is already 10% cheaper than two months ago when the euribor reached 5.38% in September.
Also we listed a very nice one-bedroom apartment in La Cala de Finestrat on Friday. photos can be seen here.
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