Euribor rises to 2.95% in August: mortgages increase by up to €65 per month

WHAT HAPPENED

The 12-month Euribor rose to 2.95% in August, up from 2.855% in July and 2.114% a year ago. A variable-rate mortgage of €150,000 can increase by about €65 per month compared to last August.

WHY IT MATTERS

The Euribor is used to recalculate many mortgages and other loans. As it rises, families pay more, buy less housing, and businesses face more expensive financing. Construction, consumption, and credit feel the impact first.

AND FOR YOUR PORTFOLIO

For a family with a variable-rate mortgage, the change reduces the available money each month. For those following the market, it shows how high rates can cool down housing, consumption, and construction, while the ECB assesses whether to maintain its restrictive policy.