this medium type Spanish institutions lend for mortgage was 1,986% in JulyIt represents the highest level recorded since June 2019, when it exceeded 2%, according to data from the Bank of Spain published in the Official State Gazette (BOE).
a) Yes, Average mortgage loan rate over three years Increased for the fourth consecutive month for the acquisition of free housing awarded by organizations in Spain, up to 1.986%compared to 1,799% recorded in June. One year ago, the average rate was 1.45%.
The rise comes in a context where Euribor, the index by which most Spanish mortgages are referenced, closed at 0.992% in July, continuing the trend of loading that started in early 2022, above the 0.852% recorded in June.
For its part, the average rate of mortgage loans from one to five years for the purchase of free housing issued by credit institutions in the euro area increased to 2.03% (compared to the previous month), compared to 1.86% before.
Source: Informacion
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