Eurobor Rises to 2,114 % in August on Its First Ascent After Six Months in Decline

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Twelve-month Europeans closed August with a rebound of just over 3 basis points compared to the previous month's figure of 2.114 %.

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For the first time after seven consecutive months of decline, the 12-month Euribor closed higher in August, a fact that makes those with variable-rate mortgages think. The… What does Euribor “predict” for mortgages - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ

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The reference index has recorded, for the first time in seven months, an increase of 0.035 percentage points. However, this does not mean that your mortgage will rise this month in case you get a review. In fact, you will be able to save an extra money. In the last seven months, we had gotten used to the value of the eurobor being ever lower, month after month. However, during the closing of August it has presented a minimum rebound, located at …

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The index used as a reference to calculate variable mortgages closed August at 2,114 %

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The 12-month Euribor, the benchmark for most variable-rate mortgages in Spain, closed August with a rise of just over 3 basis points compared to the previous month, at 2.114%, thus experiencing its first increase in six months.

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The eurobor has closed August with a monthly average of 2,114%, thus breaking the six-month run down, according to the data consulted by Europa Press and in the absence of confirmation by the Banco de España. Read