The Eurybor surpasses 3% for the first time since September 2024 and increases pressure on mortgages
The indicator consolidates its upward trend in 2026, but experts recall that this is the daily figure rather than the monthly average, which is the index actually used to review most mortgages.
The interbank interest rate reached 3,003% this Friday.
On Friday, the Eurybor surpassed the 3% barrier in daily rates for the first time since September 2024, leading to a further upturn in the main benchmark for Spain's variable-rate mortgages, namely the interbank interest rate of 3.003% .
The indicator, which consolidates its upward trend in 2026, is moving further and further away from the levels recorded at the beginning of the year, when it stood at around 2.2%, with markets still predicting stability in interest rates or even other declines.
However, the change in forecasts responds, among other things, to rising inflationary pressures from the Middle East war . The end of the ceasefire last Monday and the escalation of the conflict in the region have boosted the price of oil to $93, which has led investors to tighten their forecasts of monetary policy developments.
In any case, Kelisto.es. "s Personal Finance spokesman, Pedro Ruiz, has stressed the importance of separating the daily data fromthe monthly average. "The fact that the Euribor has exceeded 3% today does not automatically mean that August will close above that level, since it is the end of the month data that is actually used to review most mortgages."
Increases of up to 911 euros per year
If the index remained above 3%, the focus would again be on households with variable rate mortgages. Commerce, according to online comparator Kelisto, the increase in the indicator could mean an increase of around EUR 76 per month for some mortgage holders, which would make the cost of the loan more expensive at around EUR 911 per year, "althoughthe final result will depend on the terms of each mortgage. "
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