The euribor today, August 6, 2026, has recorded a daily value of 2.884%, compared to the 2.930% of the previous day. The main index used to calculate variable mortgages in Spain falls 0.046 percentage points (4.6 hundredths), the largest daily drop since August began, and places the provisional average of the month at 2.920%.
The euribor records the largest drop of the month
The 12-month euribor has experienced a significant decline this Thursday after the slight rebound recorded on Wednesday.
The index has gone from 2.930% to 2.884%, which represents a drop of 0.046 percentage points. This is the largest daily setback since the beginning of August and returns the indicator to levels lower than those recorded during the end of July.
The provisional average of August drops to 2.920%
With the first four quotes of the month, the provisional average of the euribor for August 2026 stands at 2.920%.
Although there are still numerous trading days left before the end of the month, this average is the data that financial entities will really take into account when reviewing the variable mortgages whose contracts are updated with the monthly average of the euribor.
What does this drop mean for variable mortgages?
The drop recorded this Thursday does not automatically modify the monthly payment of those who have a variable mortgage.
Mortgage reviews are calculated using the monthly average of the euribor, along with the differential agreed upon in each loan. Therefore, if the downward trend continues throughout the rest of August, it could translate into a monthly average lower than that recorded in July, although it is still early to anticipate what the definitive data will be.
The market will remain attentive to the evolution of the index
The behavior of the euribor during the first days of August is showing an irregular evolution, alternating rises and falls.
After the sharp drop this Thursday, the markets will remain attentive to the upcoming quotes to see if a downward trend consolidates or if the index recovers ground in the following sessions. For millions of mortgaged individuals, the evolution of the monthly average will continue to be the key indicator for the upcoming reviews of their loans.