MADRID, 20 Dic. (EUROPA PRESS) -

The average rate at which Spanish entities granted mortgage loans in November was 2.877%, the highest level recorded since September 2014, according to Bank of Spain data collected by the Spanish Mortgage Association (AHE).

Thus, the average rate of mortgage loans for more than three years for the acquisition of free housing granted by entities in Spain rose for the ninth consecutive month, up to 2.877%, compared to the 2.666% registered in October. A year earlier, the average rate was 1.412%.

The increase occurs in a context in which the Euribor, the index to which most Spanish mortgages are referenced, closed the month of November at 2.828%, above the 2.629% registered in October, continuing with the trend of increases that began in early 2022.

For its part, the average rate of mortgage loans between one and five years for the acquisition of free housing granted by credit institutions in the euro area rose to 2.810% (referring to the previous month), compared to 2.590% previously.