12-Month Euribor Rose Again – "It's Going to Be a Drag on Many Mortgage Borrowers"
6 Articles
6 Articles
The six- and 12-month Euribor rates beat the maximum values at the beginning of the week in about two years. This week the ECB should increase profits again.
The 12-month Euribor has chained six days above 3.1% in its daily rate, which implies levels not seen since August 2024 and could mean the biggest increase in mortgages in the last three years, according to estimates made by Europa Press. If finally the Euribor closes the month [...] The entry El Euribor chains six days above 3.1% and anticipates the biggest increase in mortgages in three years appears first in Forbes Spain.
The most common reference interest rate for mortgages, the 12-month Euribor, rose to its highest level since August 2024 on Wednesday. The interest rate rose to 3.138 percent from 3.117 percent on Tuesday.
Euribor fell today to three months, but rose to six and 12 months for new peaks since November and August 2024.
The general mortgage reference rate rose to its highest level in two years.
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