[#Euribor]() # Mortgage approvals surge by 10.8% in June 27 August 2026 at 08:28 > New mortgage agreements rose to 45,907 in June as total lending reached 8,188 million euros despite rising interest rates. Mortgage approvals rose significantly in June, with 45,907 new agreements signed. This represents a 10.8% annual increase and an 8.8% rise from May. Total lending reached 8,188 million euros for the month, marking a 17% surge compared to the previous year. The average mortgage stood at 178,365 euros with a 25-year term. Fixed rates were chosen by 61.7% of borrowers at an average of 2.89%, while 38.3% opted for variable rates at 3.07%. The **Euribor** closed June at 2.79% before exceeding 3% in August this year. Regional performance varied as the Canary Islands saw a 31% increase, while the Balearic Islands recorded a 10.4% decline. With 259,681 mortgages signed in the first half of the year, the market shows a 7% growth despite the ECB raising rates to 2.25% in June. ## Related news [#Euribor]() #Mortgages [#ECB]() #EurozoneEconomy #InterestRates 29 October 2026 at 14:30 ## [Euribor expected to drop to 3.2% in October 2026]() > The primary mortgage indicator falls as the ECB balances high inflation and oil prices ahead of a potential December interest rate hike. [#ECB]() [#Euribor]() [#BankOfSpain]() 10 September 2026 at 17:47 ## [ECB rate hike pushes Spanish mortgage costs up]() > Rising interest rates and a 12% surge in Spanish house prices have increased annual mortgage repayments by over 1,000 euros for owners. [#Euribor]() [#ECB]() #ChristineLagarde 31 August 2026 at 13:22 ## [Euribor rises to 2.95% in August 2026]() > The Euribor monthly average rose to 2.95% in August, increasing mortgage costs for homeowners as the rate nears the 3% threshold.