The euribor shoots up to 3.31% after the second biggest rise of the year
El índice anticipa más subidas de tipos rápidas en la zona euro. Leer
The Euribor, a key index for variable-rate mortgages in the euro zone, has surged to 3.31% on a daily basis, up from 3.16% on Friday. This significant increase is the second-largest of the year and fifth-largest in the index's history, reflecting expectations of further interest rate hikes by the European Central Bank (BCE). Markets currently anticipate at least three additional rate increases, which would push the cost of borrowing into restrictive territory to combat inflation.
As a result, mortgage payments are set to rise, with a €150,000 variable-rate mortgage with a 1% differential and 25-year term potentially increasing by €78 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.
