The extinction of fixed mortgages: What are the best options that you can still find in banks?

• Rate hike Banks predict more expensive fixed mortgages due to the advance of the Euribor

• Housing The threat of the Euribor marks the step to mortgages

Fixed mortgages have become a coveted object of desire in the market.

The rise in interest rates by the European Central Bank (ECB) has caused a change in the banks' strategy, which have begun to cut -if not eliminate- the fixed supply, and this incipient extinction has fueled

for the best option still available.

The unstoppable rise of the

is repositioning entities towards variable credits, which in the last two years had lost ground among Spanish buyers.

Forecasts suggest that the Euribor (whose monthly average for October is around 2.5%) will not peak in the short term, which triggers banks to raise fixed rates even more to make them less attractive and force a paradigm shift in the market.

A few days ago, Caixabank announced an increase in the price of its fixed mortgage above 4%, but more than one financial institution is directly removing it from its offer.

"More and more entities, faced with the situation of not being able to offer competitive prices, are removing the fixed mortgage product from their panel, which makes efforts centralize both in the variables and in the mixed ones", comments

, head of mortgages by

Customers, meanwhile, streamline their procedures to contract a loan with irremovable conditions or to improve the characteristics of the housing loans that they had previously contracted.

The novations and subrogations have accelerated in recent months, while other alternatives are picking up pace, such as mixed products, on which it is convenient to carefully review the conditions they pose.

"Currently, 80% of the clients who currently contact us at

prefer a fixed mortgage in the first instance, although after our advice and given the limited offer of fixed interest rates, more than three quarters of these end up signing a mixed mortgage , since it is currently the most competitive type of mortgage," says

, responsible for Housell Mortgages

In this context,

has compiled for

the best fixed mortgages offered by the market in the month of October and among them stands out the Fixed Mortgage with

Unicaja

for a loan of 150,000 euros to be repaid in a maximum of 30 years and with a maximum financing of 80% of the value of the home.

"To access this mortgage you need to domicile your payroll and three receipts, take out home insurance, a life policy and use the card," they point out from the comparator.

Best fixed mortgages October 2022

In second place, the firm places BBVA's

, which offers

for a loan of 150,000 euros to be repaid over 30 years and with a maximum financing of 80% of the value of the house.

"To obtain this price, the client will have to domicile a payroll, take out home insurance and a loan repayment policy with the entity," they point out.

The third monthly option would be Banco Santander's

, which asks for direct deposit of the salary and three bills, having a credit card and taking out home and life insurance.

"Santander provides financing of 150,000 euros for the purchase of a home with a maximum repayment period of 30 years. For a loan of this amount over 25 years, the bank applies

, they explain.

At CaixaBank, the entity's

offers

for a loan of 150,000 euros over 25 years.

To benefit from these interest rates, the client must direct deposit their salary and take out home insurance.

"The bank offers financing from 30,000 euros and up to 80% of the value of the home, and the return period is up to 30 years, without commissions," they specify.

In the ranking of the five best mortgages of Rastreator, the fifth place is occupied by Liberbank and its

, with

for a requested amount of 150,000 euros.

"The offer starts at 10,000 euros and is aimed at users who wish to finance up to 80% of the appraised value of the home up to a maximum of 30 years. The contracting requirements are direct debit of payroll, contracting insurance a home, a credit card and a pension plan," they indicate.

At this point, a recent iAhorro analysis asks

, that is, what would be a good option considering the price rise in recent weeks.

, CEO of the company, believes that "we could now consider a good fixed mortgage the one that is below 2%".

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