He 12 month Euriborthe index to which most of the variable mortgages in the Spanish State are referenced, has moderated its rise in March, up to an average rate of 3.647%, and chains already 15 consecutive months of promotions.

After the rise in interest rates and the return to calm in the banking sector, the Euribor has risen again, and has closed the month in a daily rate of 3.622%.

He average monthly value, the one used to review mortgages, ended at 3.647%, compared to 3.534% in February. The rise in March was 113 basis points, the lowest since the same month last year.

Despite a more moderate rise in March, the variable mortgages that have to be reviewed with this month’s data will increase again, since a year ago the Euribor was still negative, at -0.237%.

The strong oscillations that the Euribor has registered in March have caused it to rise with less intensity than in previous months and that, for nowIt has been away of the rate 4% which, according to expert sources, would exceed this month.

Source: Eitb

Alia

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