The six-month European Interbank Offered Rate (Euribor), to which most home loans in Estonia are tied, fell below 3.4% for the second time in the last eight days, writes rus.err.ee. As of August 14, the rate was 3.397%. On August 6, it was even lower – 3.397%. Between the two dates, the six-month Euribor was above 3.4%. At its 2023 peak in mid-October, the interest rate exceeded 4.1%. The highest Euribor rate in history was recorded in the winter of 2008 – almost 5.5%. Before the previous economic crisis, the usual Euribor level was between 2% and 5%. Read more HERE.
