The euribor, on a free rise before the ECB
The new surge in September anticipates a new increase in the monthly payments that variable-rate mortgage holders pay.
The Euribor, a key index for variable-rate mortgages in the Eurozone, has continued to rise, reaching 3.17% on a daily basis, its second-highest level of the year. This increase anticipates a new rise in monthly mortgage payments for variable-rate homeowners, who will face loan revisions. For a €150,000 mortgage with a 25-year term and a 1% differential over Euribor, reviewed annually, monthly payments are expected to increase by €75 to €925.
If reviewed every six months, the increase would be around €44 per month. The ongoing rise in Euribor is also expected to impact new mortgage production, which has already grown by over 11% this year.
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.
