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.
#Euribor
Euribor expected to drop to 3.2% in October 2026 · ECB rate hike pushes Spanish mortgage costs up · Euribor rises to 2.95% in August 2026
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 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.
Mortgage approvals surge by 10.8% in June
New mortgage agreements rose to 45,907 in June as total lending reached 8,188 million euros despite rising interest rates.