He EURIVOR At twelve months, the most used indicator in Spain to calculate the Variable mortgageshas closed the month of April with a significant fall, until it is located at 2,143 %, which represents its lowest level since August 2022, and the greater year -on -year decrease in sixteen years.
And in April 2024, the Euribor closed at 3,703 %. In this way, the average rate in which the indicator has finished in April 2025 is 1.56 percentage points less, and the greatest fall since December 2009, according to the director of mortgages of the comparator and mortgage advisor IaHorro, Simone Colombelli.
The collapse of the Euribor will mean a important savings for mortgages, Since in the case of an average mortgage of 150,000 euros to 25 years, plus a 1 % interest in the Euribor, the savings will be 128 euros per month, or more than 1,500 per year.
As an example of another mortgage of the same characteristics, but with a loan of 300,000 euros, savings will exceed 3,000 euros a year.
The new fall of the Euribor, the third consecutive one, occurs after last April 17, the European Central Bank (ECB) will cut interest rates at 25 basic points, until they are placed at 2.25 %.
And this, in a context of economic uncertainty due to commercial tensions, as recognized by the president of the ECB, Christine Lagarde.
After the new cuts of the rates by the ECB, the Euribor came to touch a minimum daily at 2,022 % (on April 23), which leads to think to some experts that the indicator could be below 2 % soon.
This is estimated by Colombelli, who regarding the future of the Euribor, explained that it will depend on the upcoming decisions of the ECB, which is reunited on June 5.
“What we expect is to maintain this trend of the downward Euribor until then, perhaps even with some reduction in the offers by the financial entities,” said Colombelli, who sees as more likely that the ECB applies another reduction of 25 basic points, up to 2 %, at the aforementioned June meeting. That could lead to the indicator below 2 % in summer.
For his part, the Director of Variable Income Analysis of Singular Bank, Nicolás López, explained in statements to Efe that the evolution of the Euribor is very determined by the expectations of the interest rates of the ECB.
Until a few weeks ago, he indicated, the indicator had stabilized around 2.4 %, while the market thought that “the ECB was going to stop in its type reduction process in approximately 2 %.” “However, in recent weeks, there has been an important change of expectations. Now the market hopes that they can lower to 1.75 %, even 1.5 %,” said López, for whom this has led the Euribor to fall significantly.
Likewise, the Finance Professor of the Francisco Marroquín University and Market Analyst Gustavo Martínez has considered that the Euribor has shown a remarkable evolution in recent months, reflecting both the monetary policy of the ECB and the economic dynamics of the Eurozone.
Remember that since the end of 2024, it has maintained a downward trend, and has gone from 2.4 % in December 2024 to 2.53 % in January 2025, and then descended again, with a significant fall in April that, in its opinion, responds to a large extent, to the moderation of inflation in the Eurozone, which allows a less restrictive monetary policy.
In the face of the coming months, expectations suggest that the Euribor will remain down, although at a moderate pace, according to the analyst, which sees the indicator in the environment of 2 % at the end of the year, provided that inflation does not rebound and the ECB continues with its gradual cuts strategy.
For his part, the mortgage analyst of the financial comparator Helpmycash, Miquel Riera, has detailed that the approval of the tariffs by the US and the fear of a possible global recession has caused a strong fall in the Euribor, since before this scenario, it is likely that the ECB maintains its current type cuts policy to boost the economy.
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