Tag Archives: Euribor rate fall

Mortgage repayments continue downward trend in Spain as another interest rate cut looms

Mortgage repayments are falling in Spain with another interest rate cut looming

NEXT month’s anticipated interest cut by the European Central Bank is contributing to significant falls in the Euribor- the main benchmark index for mortgages in Spain. August’s Euribor rate is almost a percentage point down on a year ago, standing so far this month at 3.18% compared to 4.073%. Last September, it peaked with a monthly average of 4.149%. The …

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