Euribor October 2020

The Euribor, which is used every month as a reference for the calculation of most mortgages in Spain, closed October at -0.466%, that is, 0.051 points less than the previous month, when it stood at -0.415%.

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 October, will pay 7,90 euros less in its monthly payment, which will mean a difference of about 95 euros per year, as the Euribor has dropped by 0.162 points with respect to October 2019.

The Euribor began 2020 at -0.253%, which, for the moment, accumulates a decrease of 0.213 points throughout the year.

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

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