Interest rates in Spain
Interest rates for Mortgages in Spain appeared to be static in September. This is a little strange given The Euribor had increased to over 1% for that month.
Either there is inaccurate figures or the average rate relates to offers made in previous months where the Spanish Banks chose to hold rate.
The average interest rate fell against August.
12 month Euribor up again
Current 12 month Euribor for December is now 2.828% so we may see rates topping 3% before the end of the year.
Spanish lenders have been steadily increasing their fixed rate best buy loan products. This is also true of the Mixed/ Fixed product types.
September loan activity high
In September numbers of new loans remained high although and redemptions remained low. This meant Spanish lenders saw a net inflow of balances to their loan books.
Read the full article:-Spanish Mortgage completions
