Bankinter leads the way with mortgage price increases in banking
Las entidades pisan el acelerador tras la tradicional tregua del veranoy han subido los tipos de interés que cobran por los préstamos en todas las modalidades. Leer
Spanish banks have increased interest rates on mortgages after the summer break, driven by the rising Euribor rate, which has reached its highest level in two years. Bankinter was the first to make a move, raising the cost of its fixed-rate mortgages to 4.12% TAE and its variable-rate mortgages to 2.5% for the first three years.
Other banks, including Sabadell and Kutxabank, have also increased their interest rates, with some offering more competitive rates than others. The changes aim to protect banks' profit margins amid expectations of further interest rate hikes by the European Central Bank.
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.
