Euribor May 2021

The Euribor, which is used every month as a reference for the calculation of most mortgages in Spain, closed May at -0.481%, that is, 0.003 points more than the previous month, when it stood at -0.484%.

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 May, will pay 19,70 euros less in its monthly payment, which will mean a difference of about 237 euros per year, as the Euribor has dropped by 0.4 points with respect to May 2020.

The Euribor started 2021 -0.505%, accumulating an increase of 0,024 points.

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

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