Euribor February 2020

The Euribor, which is used every month as a reference for the calculation of most mortgages in Spain, closed February at -0.288%, that is, 0.035 points less than the previous month, when it stood at -0.253%.

The Euribor is the index to which most mortgages in Spain are referenced. This quotation means that an average mortgage, which in Spain is 120,000 euros for 20 years, and which is revised in February, will pay 8.90 euros less in its monthly payment, which will mean a difference of about 107 euros per year, as the Euribor has fallen 0.18 points with respect to February 2019.

The Euribor began 2020 at -0.253%, which, for the moment, accumulates a decrease of 0.035 points throughout the year.

Source: https://datosmacro.expansion.com/hipotecas/euribor

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