MutuiOnline has set up a useful Rate Observatory to offer its customers the Eurirs and Euribor reference rates in real time, used by banks to determine the rates on mortgage contracts. The value of the reference rates depends on the performance of the financial markets and therefore varies every day. The source of our data is IlSole24Ore. Attention: to determine the interest rate of the mortgage, the bank adds a rate called 'spread', which represents the credit institution's profit, to the reference rates shown here. Typically the spread varies between 1% and 2%. FIXED RATE
EURIRS updated as of 10/3/2004
Rate deadlines
1 year 2.13%
2 years 2.39%
3 years 2.72%
4 years 3.02%
5 years 3.26%
6 years 3.48%
7 years 3.66%
8 years 3.82%
9 years 3.96%
10 years 4.07%
12 years 4.25%
15 years 4.46%
20 years 4.68%
25 years 4.77%
30 years 4.81% VARIABLE RATE
EURIBOR updated as of 10/3/2004
Rate deadlines
1 month 2.05%
2 months 2.05%
3 months 2.05%
4 months 2.06%
5 months 2.06%
6 months 2.06%
7 months 2.06%
8 months 2.06%
9 months 2.06%
10 months 2.07%
11 months 2.08%
12 months 2.08%
The reference rates shown above are: EURIRS Interbank reference rate used as an indexation parameter for fixed rate mortgage loans. It is published daily by the European Banking Federation and is equal to a weighted average of the prices at which banks operating in the European Union implement the Interest Rate Swap. It is also called IRS. EURIBOR Interbank reference rate published daily by the European Banking Federation as a weighted average of the interest rates at which banks operating in the European Union lend deposits. It is used as an indexation parameter for variable rate mortgage loans.
source: MortgagesOnline
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