The Central Bank of Luxembourg published provisional figures showing that variable mortgage rates fell in September 2026, while variable corporate lending rates and deposit rates rose. The figures cover new agreements, including renegotiations, between Luxembourg credit institutions and euro area households and nonfinancial corporations. The average variable mortgage rate declined 6 basis points from August to 3.13%, while the volume of new agreements increased to EUR 265 million from EUR 201 million. Fixed mortgage rates varied by initial fixation period. For example, rates fixed for more than one year and up to five years rose 10 basis points to 3.85%, while those fixed for more than 10 and up to 15 years fell 8 basis points to 4%. Consumer credit rates fixed initially for more than one year and up to five years declined 3 basis points to 5.20%. Household term deposit rates with maturities of up to one year increased 20 basis points to 2.20%. For nonfinancial corporations, the variable rate on loans exceeding EUR 1 million rose 61 basis points to 3.36%. The volume of these new agreements increased to EUR 3.237 billion from EUR 1.688 billion in August. Rates on loans of up to EUR 1 million rose 12 basis points to 3.67%, with volumes increasing to EUR 113 million from EUR 106 million. Corporate term deposit rates with maturities of up to one year increased 20 basis points to 2.44%.
Central Bank of Luxembourg reports lower variable mortgage rates and higher corporate lending rates in September
Provisional September 2026 data from the Central Bank of Luxembourg show variable mortgage rates declining 6 basis points to 3.13%, alongside an increase in new lending volumes. Variable rates on corporate loans exceeding EUR 1 million climbed 61 basis points to 3.36%, while volumes rose to EUR 3.237 billion from EUR 1.688 billion in August. Rates on term deposits with maturities of up to one year increased 20 basis points for both households and nonfinancial corporations, reaching 2.20% and 2.44%, respectively.