Housing The average rate on mortgages reached 1.8% in June and marks its highest level since February 2020

The average rate at which Spanish entities granted mortgage loans during the month of June amounted to 1.799%, which is the highest level recorded since February 2020, according to data from the Bank of Spain collected by the Spanish Mortgage Association (AHE). ), reports Europe Press.

In this sense, the average rate of mortgage loans for more than three years for the purchase of free housing granted by entities in Spain has risen for the fourth consecutive month, up to 1.799%, compared to 1.624% registered in May.

In any case, the average rate remains below 2%, a level not seen since June 2019.

In this context, the Euribor, the index to which most Spanish mortgages are referenced, closed the month of June at 0.852%, which is the highest record since August 2012, when it stood at 0.877%.

For its part, the average rate of mortgage loans between one and five years for the purchase of free housing granted by credit institutions in the euro area was 1.860% (referred to the previous month).

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