The 12-month Euribor drops 9 thousandths to 3.177%. The provisional average for October rises to 3.271%, compared to 2.187% a year ago.
The 12-month Euribor has decreased by 9 thousandths on October 6 and is now at 3.177%, according to euribor.com.es. The provisional average for the month stands at 3.271%, a level well above the 2.187% recorded in October 2025.
The indicator thus continues a new day of decline, although with less intensity than the previous day. The monthly average is the reference applied in most variable mortgage reviews in Spain.
With an average of 3.271%, a mortgage of 150,000 euros over 25 years with a differential of 1% and semi-annual review increases from 895.95 euros to 939.37 euros per month, representing a change of 43.4 euros monthly. If the review is annual, the payment rises from 850.99 euros to 939.37 euros, a difference of 88.4 euros per month.
The Governing Council of the ECB holds its monetary policy meetings approximately every six weeks, usually on Thursdays. The next meeting will be on October 29 in Frankfurt, where the decision will be published and a press conference with the president and vice president will be held. In March, June, September, and December, the body also presents its updated macroeconomic projections.
The Euribor is the interest rate at which major European banks lend money to each other. It is published daily and serves as a reference for calculating the interest on loans and mortgages. In Spain, most variable mortgages are linked to this index: when it rises, the monthly payment increases, and when it falls, it decreases. Although the figure is published daily, the value that affects mortgages is the monthly average of the 12-month Euribor. There are other terms, such as the 6-month or 3-month Euribor, which are used in variable mortgages in other European countries.
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