MADRID, 21 Oct. (EUROPA PRESS) -

The average rate at which Spanish entities granted mortgage loans in September was 2.41%, the highest level recorded since February 2015, according to data from the Bank of Spain collected by the Spanish Mortgage Association (AHE).

Thus, the average rate of mortgage loans for more than three years for the purchase of free housing granted by entities in Spain rose for the seventh consecutive month, to 2.41%, compared to 2.198% registered in August. A year earlier, the average rate was 1.489%.

The rise occurs in a context in which the Euribor, the index to which most Spanish mortgages are referenced, closed the month of September at 2.233%, above the 1.249% registered in August, continuing the trend of uploads that began in early 2022.

For its part, the average rate on mortgage loans between one and five years for the purchase of free housing granted by credit institutions in the euro area rose to 2.44% (referred to the previous month), compared to 2. 26% prior.