The 12-month EURIBOR, the official mortgage market reference rate, increased to 2.855% in July 2026, marking a rise of 0.776 basis points compared to the same period last year. This rate reflects the average interest rate for euro-denominated loans in the euro area. The Bank of Spain reported the update, highlighting its role as a benchmark for mortgage lending. The increase underscores trends in borrowing costs for homeowners and financial institutions. The figure is based on market data and is used to determine variable-rate mortgage payments. No further details on economic factors influencing the change were provided in the release.
© Banco de España 2009.
Summary adapted from material on the Banco de España website (https://www.bde.es ).
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.