Average interest given by Spanish institutions Housing loans decreased slightly to 4.219% in DecemberIt has fallen to the lowest levels since last July, when it closed at 4,186 percent, according to Bank of Spain data collected by the Spanish Mortgage Association (AHE) and published this Friday.
Thus, due to the relaxation of Euribor in recent months, the average rate of mortgage loans over three years issued by institutions in Spain for the purchase of free housing was reduced for the second month in a row. However, this rate is still one point above the 3.116% level recorded at the end of 2022.
Special, December’s rate represents a decrease of 0.057 points compared to Novemberhowever, there was an increase of 1,103 percentage points compared to December 2022.
The average rate of mortgage loans between one and five years issued by euro area credit institutions for the purchase of free housing was (compared to the previous month) 4.310%; in the previous month, this rate was 4,280% and 3,040%. Starting from the same month of 2022.
In this context, the twelve-month Euribor index, to which most Spanish mortgage loans are referenced, It closed November at 4.022% and December at 3.679% and 3.018% from December 2022.
In 2023, the average Euribor was 3.86%, while the average reference rate closed at 3.99%.