The Eurobor Freezes in July without Slowing Down the Mortgages, Which Will Be 1,450 Euros Cheaper on Average

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The eurobor remains stagnant in July with an average rate of 2.077%, in the absence of the last data of the month, after being placed at 2.08% since May. Thus, the reference rate for mortgages in Spain remains above the 2% barrier - level that exceeds since September 2022 - in a current environment of pause in the interest rate adjustments of the European Central Bank (ECB), which mark the wake of the eurobor. Still, mortgage contracts that are …

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Noticias de Navarra

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Noticias de Navarra

Factuality

Ownership

The twelve-month eurobor, the benchmark for most variable mortgages in the state, has closed almost unchanged July, with a minimum drop that has reached 2.079%, but with which, however, it will continue to lower the shares of these loans.