Madrid (EFE).- The 12-month Euribor, the most used indicator in Spain to calculate mortgage loans, reached an intraday rate of 2.5% this Friday, the highest level since January 2009, in a week marked by an avalanche. from raising the interest rates of central banks.

According to Bloomberg data researched by Efe, Euribor has risen strongly this week, trading at 2.263% since last Friday and has reached 2.5% today.

That way, and with several sessions left in the month, September’s preliminary average rate will reach 2.1%, the highest since 2011.

Residential buildings in Bilbao.
Residential buildings in Bilbao. EFE/Luis Weave/File

Euribor rises sharply at the end of the week celebrated by central banks. The US Federal Reserve (Fed) announced a new 75 basis point increase in interest rates on Wednesday, confirming that they will remain high for a long time.

Other banks, such as Switzerland or England, have also followed in the footsteps of the Federal Reserve and raised the price of money.

A new increase in Euribor will lead to an increase in the mortgage payment, which can increase by around 180 euros per month or more than 2,100 euros per year.

And the thing is that a year ago, in September 2021, the euribor closed in the red, -0.492%.

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