The year opened with a rise in the Euribor as the indicator closed January at 2.525 percent, up 0.089 percentage points from December 2024. Yet this figure should not alarm borrowers, because comparing January 2025 with January 2024, when the rate stood at 3.609 percent, reveals a decline of 1.084 percentage points. For those with variable-rate mortgages, this means more favorable payments this year.
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So will the Euribor continue to rise in the coming months? It is normal for this indicator to fluctuate and register small increases and decreases in its monthly averages due to the influence of many macroeconomic factors. Yet the trend currently observed points downward, according to Simone Colombelli, director of mortgages at iAhorro.
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Moreover, Christine Lagarde, president of the European Central Bank, continues to signal official rate cuts through 2025. On January 30 official rates dropped by 25 basis points. This move is expected to push Euribor back toward the declines seen at the end of 2024 and keep it under 2.5 percent, widening the gap with the ECB rate.
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Therefore it is a favorable moment for someone who plans to buy a house to explore mortgage options, as many lenders present highly attractive conditions.
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To begin, Banco Mediolanum offers a variable mortgage priced at Euribor plus 0.79 percent, with 0.99 percent in the first year, and an APR of 3.60 percent. The conditions to qualify include opening a bank account with the institution, setting up recurring income of at least 3,000 euros, and taking out a life insurance policy.
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Kutxabank provides a variable-rate loan with Euribor plus 0.49 percent (1.71 percent during the first year) and an APR of 3.23 percent. The requirements include domiciling payroll of at least 3,000 euros monthly, making an annual contribution to a Kutxabank pension plan of at least 2,400 euros, and signing a home insurance policy.
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Ibercaja offers a variable mortgage with Euribor plus 0.60 percent (1.50 percent in the first year) and an APR of 3.83 percent. The conditions include domiciling payroll of at least 2,500 euros monthly, using the credit card up to 12 times per semester, acquiring two insurances (life and home), and making periodic contributions to one of the Ibercaja investment funds.
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Abanca’s variable loan features Euribor plus 0.60 percent (1.99 percent during the first year) and an APR of 4.66 percent. The requirements include payroll domiciliation, 24 purchases per year with the credit card, and obtaining two insurances (life and home).
Unicaja markets a variable-rate loan with Euribor plus 0.50 percent (1.99 percent in the first year) and an APR of 3.65 percent. To obtain these conditions, income should exceed 2,500 euros per month, payroll and main bills must be domiciled, and the buyer must secure home, life or temporary disability insurance, plus car or health insurance and contributions to a pension plan or investment fund.