Euribor Closes July at Highest Level Since 2024
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Insights by Echo AI
The Euribor, the reference rate for most variable-rate mortgages in Spain, closed July at 2.86%, its highest level since September 2024. This increase will make variable mortgages more expensive. A person with a €150,000 mortgage at 30 years and a 0.99% differential will see their monthly fee increase by €64.78. Experts attribute this rise to geopolitical tensions and expect the ECB to consider interest rate hikes. The Euribor is predicted to end 2026 between 2.5% and 2.7%, but could reach 3% if inflation continues to rise.
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Cinco Dias
RSS / @feeds.elpais.com/mrss-s/pages/ep/site/cincodias.elpais.com/section/ultimas-noticias/portada
El euríbor cierra julio en el 2,86%, su nivel más alto en casi dos año...
El euríbor cierra julio en el 2,86%, su nivel más alto en casi dos año...
‼ El Euríbor cierra julio en el 2,86%, su nivel más alto desde septiem...
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