Spanish households that have signed variable-rate mortgages must assume at least two more years of high installments compared to what they paid monthly last summer. The latest forecasts contemplate a Euribor – which is the main reference that marks mortgage rates – close to 4% at the end of this year.
Two out of ten mortgaged at a variable rate have difficulty paying their installments, mainly due to the rise of the Euribar. The market does not rule out that above the current levels of 3.25%, the European regulator approves another two hikes of 25 basis points.