The Euribor closes September at two-year highs and stands at 3.24%

BarcelonaThe Euribor, the benchmark indicator for most variable-rate mortgages in the country, closed the month of September at 3.247%, the highest level since July 2024, according to preliminary data published this Wednesday by the Bank of Spain.

It is the first time the rate has closed a month above the 3% barrier, after the indicator reached 2.954% last August. Compared to September of last year, the indicator has increased by more than one point, as the Euribor then stood at 2.172%.

The figures imply that a person who has taken out a variable mortgage of 150,000 euros for 30 years with a differential of 0.99% plus Euribor will see their monthly installment increase by almost 98 euros, equivalent to 1,174.5 euros per year.