The 12-month Euribor drops by 22 basis points, closing the week at 3.191%. The provisional average for October stands at 3.227%, well above the 2.187% recorded a year ago.
The 12-month Euribor has closed the week at 3.191%, after falling by 22 basis points. This is the daily figure published by the index, which anticipates how the monthly average for October will evolve, the value that is actually applied in the revisions of variable mortgages. The information is collected by euribor.com.es.
The provisional average for October 2026 stands at 3.227%, a figure that comfortably exceeds the 2.187% that the same index marked in October 2025. This differential of more than one percentage point will translate into increases in payments for mortgage loans referenced to the Euribor that have revisions in the coming weeks.
The specific impact depends on the loan amount, the term, and the differential applied. For a mortgage of 150,000 euros over 25 years with a differential of 1% and semi-annual review, the payment will rise from 770.95 euros to 810.68 euros, representing a monthly increase of 39.7 euros.
If the review is annual, the jump is greater: the payment will increase from 725.99 euros to 810.68 euros, a monthly variation of 84.7 euros. In both cases, the calculation has been made with the provisional average for October, which may still vary until the end of the month.
The European Central Bank will hold its next monetary policy meeting on 29 October in Frankfurt. The Governing Council meets approximately every six weeks, usually on Thursdays, and after each meeting publishes its decision and holds a press conference. In March, June, September, and December, it also presents updated macroeconomic projections.
The Euribor, an acronym for Euro Interbank Offered Rate, is the interest rate at which major European banks lend money to each other. It is published daily and serves as a reference for a multitude of financial products, especially variable mortgages, which in Spain are mostly linked to this index. When the Euribor rises, the monthly payment increases; when it falls, the payment decreases accordingly.
Although the daily figure is the one published each day, the value applied in mortgage revisions is the monthly average of the 12-month Euribor. There are other terms, such as the 6-month Euribor or the 3-month Euribor, which are used in variable mortgages in other European countries.
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