Mortgages average 3.12%, the highest in almost nine years

According to data collected by the Bank of Spain, the average rate of mortgage lending by Spanish businesses in December was 3,116%, the highest level since May 2014. Spanish Mortgage Association (AHE) and it was released this Tuesday.

Thus, the average rate of mortgage loans over three years, free home purchase Grants awarded by organizations in Spain rose to 3,116% for the tenth consecutive month, compared to 2,877% in November. One year ago, the average rate was 1,448%.

The increase was in a context where Euribor, the index that most Spanish mortgages refer to, closed December at 3,018%, above the 2,828% recorded in November. rising trend It started in early 2022.

For its part, the average kind mortgage loans It increased to 3,040% (compared to the previous month) compared to 2,810% for free housing for one to five years granted by credit institutions in the euro area.

Source: Informacion

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