Six-month Euribor falls to record low

The six-month European interbank offered rate (Euribor), to which most housing loans in Estonia are linked, fell below 3.59%, writes Rus.ERR. Housing loan. Illustrative photo. Photo: Sander Ilvest

The six-month European interbank offered rate (Euribor), to which most housing loans in Estonia are linked, fell below 3.59%, writes Rus.ERR .

As of July 30, the rate was 3.585%.

The last time Euribor was below this level was on May 5, 2023 – 3.575%.

At the peak of 2023 in mid-October, the interest rate figure exceeded 4.1%. The maximum value of the Euribor rate in history was recorded in the winter of 2008 – almost 5.5%.

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