Euribor Rate in Mortgages
Learn everything you need to know about this rate, terms, and its importance in your mortgage payments.
What is the Euribor Rate?
The Euribor, or Euro Interbank Offered Rate, is the interest rate that banks pay to other institutions to finance their activities. Just like consumers and businesses, banks also borrow money from other banks and pay interest for it.
The Euribor is calculated as the average of the interest rates practiced by the 52 largest banks in the eurozone over a specific term.
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