The euribor falls from highs, but will rise again in August
Se sitúa en el 2,95% a falta de una sesión para el cierre mensual Leer
The Euribor, a key index for variable-rate mortgages in the euro zone, closed at 2.95% yesterday and is set to record its second consecutive monthly increase. The index has already factored in a 25-basis-point interest rate hike to 2.5% by the European Central Bank (ECB) at its September 10 meeting. The ongoing tensions in the Middle East and persistent inflation are expected to keep interest rates high for an extended period.
If the Euribor remains at current levels, a variable-rate mortgage of €150,000 with a 25-year term and 1% differential could increase by around €67 per month.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
