The Bank of Spain reported that the one-year Euribor, the main benchmark for mortgage loans granted by Spanish credit institutions, rose to 3.247% in September from 2.954% in August. The rate was 1.075 percentage points higher than a year earlier. Other official mortgage reference rates included 2.289% for one-week Euribor, 2.414% for one-month Euribor, 2.635% for three-month Euribor and 2.922% for six-month Euribor. The five-year interest rate swap stood at 3.450%, while compounded Euro short-term rate benchmarks ranged from 2.440% for one week to 2.034% for one year. The rates become valid upon publication in the Official State Gazette, which normally occurs several days after their release by the Bank of Spain.
Bank of Spain reports one-year Euribor rises to 3.247% in September
The Bank of Spain reported that the one-year Euribor rose to 3.247% in September from 2.954% in August. The main benchmark for Spanish mortgage loans was 1.075 percentage points higher than a year earlier.