Eurobor Continues to Rise, Scale in August to 2.95% and Increase Mortgage Prices
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The Eurobor, in the absence of a session this Monday to close August, reaches an average rate of 2,9512% in the month, compared to 2.855% with which it closed July and rises for the second time after the slight recess in June, being very close to 3% that it has not reached for two years, a quota that has exceeded twice this month in daily rate.
This year, the fixation of a large number of mortgages ends, and banks should compete with each other in offering favorable offers. In practice, however, offers of a new fixation from the bank itself are more likely just the beginning of negotiations, writes Gepard Finance analyst David Eim in a commentary.
An upward trend in rates is expected.
The 2020 Euribor rose above three percent for the first time since 2024. We found out what the future holds.
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