The Euribor, the rate most used in Spain to calculate mortgages, has closed for January at 2,622%, almost two points down on the same month last year.
December Euribor at 3.452%
The Euribor, the most common indicator used in Spain for the calculation of mortgages, closed in December with a median value of 3.452%, the lowest rate since June 2006. The rate began to drop on October 10th, after reaching a record high during the summer, and has been falling ever since. On an average mortgage of €150,000 over 26 years …
Euribor at new high
The Euribor, the indicator most commonly used in Spain to fix interest rates on loans, is at an all time high of 5.418%.