Adjustable-rate mortgages: good news

December 6, 2008 | Written by admin | on Mortgages , Interest Rates

Interbank rates in euros and then continue their descent after the emergency measures taken by the European Central Bank to loosen the tension on the interbank market, emphasizing that each day the ECB is also progressing to massive injections of cash to give breath to the markets of the Old continent. It then approaches the finish line in recent weeks called for dl Governor of the Bank of Italy, Mario Draghi, who had indicated a 5% as the first goal (downward) for interbank rates.

In downgrading the other rates. The ' Euribor is the most widely used to determine the fluctuations in the rate of adjustable rate mortgages.

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A & A Communications Srl Palermo, October 24, 2008

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