The six-month European Interbank Offered Rate (Euribor), to which most home loans in Estonia are tied, fell to 3.239% on September 18, writes rus.err.ee. The last time Euribor was at the same level was on March 27, 2023. At its peak in 2023, 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%. In Estonia, the average home loan size over the past few years has been 100,000 euros, and the loan term is 20-30 years. Read more HERE.
Six-month Euribor fell to 3.239%
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