The Bank of Spain has published April official reference interest rates for variable-rate mortgage loans, with the one-year Euribor, the main benchmark for mortgages granted by Spanish credit institutions, rising to 2.747% from 2.565% in March and standing 0.604 percentage points above its level a year earlier. Across the Euribor curve, the official rates were 1.907% at one week, 1.971% at one month, 2.175% at three months, 2.454% at six months and 2.747% at one year. The five-year interest rate swap reference was 2.842%. Official €STR-based reference rates ranged from 1.933% at one week and one month to 1.975% at one year. Mibor was also 2.747%. These official rates become valid once published in the Official State Gazette, which the Bank of Spain said normally occurs a few days after dissemination. The Bank of Spain will continue to publish Mibor monthly for operations formalised before 1 January 2000, while other official series, including the 2 to 6 year public debt secondary market yield and certain average mortgage rates, are published separately or updated later in the month.
Bank of Spain 2026-05-04
Bank of Spain publishes April mortgage reference rates with one year Euribor at 2.747%
The Bank of Spain has published April official reference interest rates for variable-rate mortgage loans, with the one-year Euribor, the main benchmark for Spanish mortgages, rising to 2.747% from 2.565% in March and 0.604 percentage points above its level a year earlier. It also released updated Euribor, €STR-based and Mibor reference rates across the curve, noting these become official once published in the Official State Gazette and that Mibor will continue to be published monthly for legacy operations.