The good news for mortgage holders is confirmed. The 12-month Euribor rate ended September 2024 with an average rate of 2.936%.published on Tuesday by the Bank of Spain. This figure confirmed preliminary data published this Monday.
He Euribor The 12-month index, most commonly used in Spain to determine the interest rate on variable mortgages, is the most common in the market. An increase in this indicator leads to an increase in mortgage payments that need to be renegotiated. And a fall means a decrease in price.
This indicates experience in September there was a noticeable decline. from 3.166% recorded in August to 2.936%. Looking back, it will be below 3% for the first time since November 2022.
The main mortgage benchmark index, the one-year Euribor, fell to 2.936% in September from 3.166% in the previous month.
How will this affect your mortgage? The Association of Financial Services Users (Asufin) indicated that 25-year mortgage reviews with a difference of 1%, will receive a discount of 68.99 euros per 100,000 euros.. Thus, according to the EFE agency, the annual savings will be 827.88 euros.
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