Overview
- The euribor averaged 2.80% in May after an upward run that began in March, bringing the index to levels not seen since late 2024.
- Higher euribor means bigger bills for variable-rate borrowers: a €200,000, 30-year loan with a 0.60% spread would cost about €76 more per month now, according to published examples.
- Daily readings stayed below 3% in May, a detail market analysts and iAhorro say suggests some containment despite the month-on-month rise.
- Borrowers are increasing moves to fixed or mixed mortgages and to subrogation because some fixed offers are advertised near 2.2% and mixed near 1.85%, while comparable variable deals can reach about 3.3% including spreads.
- Traders and households are focused on the European Central Bank meeting on June 11 because any change in ECB policy rates could alter short-term interbank costs and the future path of the euribor.