El 90% de las nuevas hipotecas ya se firman a tipo fijo

In the Spanish mortgage market, fixed-rate mortgages now account for 90% of new loans, according to broker statistics. The trend continues despite rising Euribor rates and geopolitical and energy concerns that drive inflation. Families are increasingly seeking to protect themselves from potential increases in the mortgage index.

According to Gibobs.com, a fintech platform that helps customers find the best mortgage for free, 87.81% of the mortgages signed through their platform this year were fixed-rate, compared to 9.82% mixed and a residual 0.20% variable. The figure marks a nearly eight-point jump from 2025, when fixed-rate mortgages represented 80.21% of signings.

The market has opted for certainty, with buyers preferring to shield their monthly payments from fluctuations in the variable rate. Fixed-rate mortgages are also the most competitive option in terms of price, further driving their adoption, explains Jorge González-Iglesias Baeza, CEO of Gibobs.com. The data is nearly identical to those of a major competitor, Trioteca, but only for the month of June.

During the sixth month of the year, 88.02% of mortgages finalized by Trioteca were fixed-rate, compared to 11.98% mixed, with variables still absent. Fixed-rate mortgage rates for the market's most active brokers exceed those published by Spain's National Statistics Institute (INE). May's data shows that 60.9% of new mortgages were fixed-rate.

This rate has remained between 60% and 64% since the beginning of the year. Gibobs.com notes that the preference for fixed-rate mortgages also extends to mortgage refinancing. According to Gibobs.com, 11% of all mortgage signings in 2026 were refinancings, and of these, 63.79% were customers switching from a variable or mixed mortgage to a fixed-rate one.

This data is the most revealing of all, as it shows that both first-time homebuyers and those with existing variable or mixed mortgages are taking advantage of the moment to lock in a permanent rate. The decision is no longer just a financial one but a shift in mindset, explains González-Iglesias Baeza. The relentless rise of Euribor throughout 2026 is unlikely to diminish the dominance of fixed-rate mortgages in the coming months.

The mortgage index closed at 2.99% daily yesterday, slightly below the year's peak of 3% on the previous Friday, breaking the 2.99% mark for the first time since September 2026. The monthly average now stands at 2.94%, indicating that a 150,000 euro mortgage over 25 years, with a 1% differential on top of Euribor and annual review, would increase by around 66 euros per month.