The Euribor rate rose again, but at a gentler pace this time. It ticked up by 0.011 percentage points, reaching 4.160%, a figure very close to 1.149% which was the Euribor level at which markets closed last September.
Does this signal that the indicator is entering a stabilization phase? Analysts suggest that Euribor has resisted breaking above the 4.2% threshold for longer than expected. It has stayed around 4% for five consecutive months, with total increases not exceeding two tenths. That pattern is encouraging, because in recent months the two-tenths jump could be absorbed from one month to the next. The lack of that rise now points to a steadier environment, which could be a positive development if the European Central Bank keeps policy on a cautious path. The mortgage director at the housing comparison platform iAhorro notes that this stabilization would be reinforced if the central bank holds fire at the next policy meeting.
Yet, as market observers emphasize, the key decision lies ahead. Christine Lagarde will lead the debate at the forthcoming meeting scheduled for Thursday, December 14. Market watchers say the path ahead could go either way: another rate increase of 0.25 percentage points, or a pause to assess the impact of prior tightening. In any case, the decision will shape expectations for the months to come.
For some borrowers, this means that shifting toward variable-rate mortgages may not be the best strategy, though the choice largely depends on individual goals. Those aiming to acquire an investment property might still find a variable mortgage with a shorter repayment period appealing, especially if they anticipate a dynamic market and potential cash-flow considerations.
Within the landscape of variable mortgages, several options stand out. Evo offers a Euribor plus 0.48% margin, with a promotional rate of 2.30% during the first two years and an APR of 4.71%. Maintaining eligibility requires a payroll, pension, or unemployment benefit above a set threshold, plus home insurance.
Another option is Openbank, featuring a Euribor plus 0.60% margin, and a first-year rate of 1.60%, with an APR around 5.03%. Qualification depends on payroll residence, and the package may include utilities contracts and insurance requirements tied to the lender’s program, plus optional investment products.
Freedom Mortgages from Banco Mediolanum present a Euribor plus 0.79% margin, with a first-year rate near 0.99% and an APR around 3.60%. Conditions typically include opening a formal banking relationship and directing a steady inflow of income at or above a specified amount, along with life insurance coverage.
Another noted option is the variable loan from BBVA, which adds a payroll deduction and two insurance policies to secure the rate Euribor plus 0.60%, yielding about 1.99% in the first year, with an APR around 5.48%. The practical steps to access this deal usually encompass payroll setup and the required protections.
Ibercaja also markets a variable mortgage with favorable terms. Its rate is Euribor plus 0.60%, with around 1.50% in the first year and an APR near 5.37%. Applicants typically commit to payroll routing, card usage with the bank, and insurance coverage, while contributing regularly to one of the bank’s investment funds.
In summary, several attractive variable-mortgage options exist for those willing to weigh the trade-offs. Potential borrowers should consider how each product aligns with their financial plans, whether they seek flexibility, predictable budgeting, or investment leverage. Each lender outlines specific eligibility criteria and required commitments, so a careful comparison can reveal the best fit in a changing rate environment.