Another rise in the Euribor. The 12-month Euribor has risen again in October. The average for this month was 4.16%above the 4.149% of the previous month, according to The Bank of Spain published this Thursday. However its rise has moderated compared to other previous monthswhen the increase was highest.
The 12-month Euribor is the index most used in Spain to set the interest rate on variable mortgages, the most common on the market. Therefore, an increase in this indicator leads to an increase in the mortgage payments that must be reviewed in October.
If a family has contracted a variable rate mortgage of 150,000 euros with a maturity period of 30 years and with a differential of 0.99%, You will suffer an increase in your mortgage payment of about 136 euros per month.
This is how the one-year Euribor has evolved in the last 12 months:
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2023-11-02 15:49:59
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