The Bank of Spain has confirmed that the one-year Euribor for September 2026 stands at 3.247%, a reference that will recalculate the payments of variable-rate mortgages.
As reported by Las Provincias, the Bank of Spain has confirmed the official figure of the one-year Euribor for September 2026, which is 3.247%. This is the main reference for variable-rate mortgage loans, and banks will use it to recalculate payments in the coming weeks.
This figure represents an increase compared to previous measurements. The European Central Bank maintains a cautious monetary policy, and persistent inflationary pressures in some sectors of the euro area prevent the twelve-month rate from falling as quickly as expected.
In a simulation of a mortgage of 150,000 euros over 25 years, with a margin of 1% over the Euribor, the applicable interest rate would be 4.247% and the monthly payment would be around 812.60 euros. In contracts with annual reviews that take this value, the adjustment will affect the budget for the following twelve months.
Those with a variable mortgage can negotiate a modification with their bank to improve the margin, process a transfer to another bank, or switch to a mixed mortgage, which fixes a rate for the first five or ten years.
In the short term, the signal is more moderate. The three-month Euribor stood at the end of October at 2.638% with a downward trend, indicating lower rates in the medium term, although relief has not yet been reflected in the twelve-month reviews.
For households in the Valencian Community, the practical recommendation is to review the contract clauses, compare offers, and calculate how much the payment could increase if the Euribor remains at these levels.
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