The euribor today, July 29, 2026, has closed at 2.941%, which represents a decrease of two thousandths compared to the previous day, when the indicator reached 2.943%. The most widely used mortgage index in Spain thus maintains a very stable behavior during the last days of the month, with small daily variations that barely modify the evolution of the monthly average.
Although the daily figure is what marks the quotation of each session, what is really relevant for those with a variable mortgage will be the average of July, as it will be the value that financial entities will use to review loans whose maturity coincides with this month.
The euribor decreases two thousandths compared to the previous session
The quotation this Wednesday stands at 2.941%, compared to the 2.943% recorded on Tuesday.
The difference is -0.002 percentage points, equivalent to two thousandths or 0.2 basis points, a movement of little magnitude that confirms the stability of the indicator in recent sessions.
Despite this small decrease, the euribor continues to move at elevated levels compared to those recorded during much of the first half of the year.
What this decrease means for variable mortgages
The daily euribor is not directly applied to mortgage payments. What banks use to update variable mortgages is the monthly average of the index.
Therefore, a decrease of two thousandths will hardly have an effect by itself on the loans. What is important will be to check what definitive value July ends with, as that figure will determine the mortgage reviews that occur over the next few months.
For homeowners with annual or semi-annual reviews, the evolution of the monthly average will be the factor that determines whether the payment increases, decreases, or remains practically stable.
The average of July enters its final stretch
With only two trading days left to close the month, the market remains attentive to the provisional average of the euribor for July, which is adjusted daily with each new quotation.
If the last sessions maintain levels similar to the current ones, the monthly average will close very close to the values recorded during the last days, consolidating the rebound experienced compared to previous months.
Monthly evolution of July
| Date | Daily Euribor | Daily Variation |
|---|---|---|
| 1 July | 2.727% | — |
| 2 July | 2.733% | +0.006 |
| 3 July | 2.709% | -0.024 |
| 6 July | 2.693% | -0.016 |
| 7 July | 2.695% | +0.002 |
| 8 July | 2.737% | +0.042 |
| 9 July | 2.813% | +0.076 |
| 10 July | 2.831% | +0.018 |
| 13 July | 2.800% | -0.031 |
| 14 July | 2.825% | +0.025 |
| 15 July | 2.916% | +0.091 |
| 16 July | 2.876% | -0.040 |
| 17 July | 2.873% | -0.003 |
| 20 July | 2.881% | +0.008 |
| 21 July | 2.918% | +0.037 |
| 22 July | 2.912% | -0.006 |
| 23 July | 2.947% | +0.035 |
| 24 July | 2.993% | +0.046 |
| 27 July | 2.982% | -0.011 |
| 28 July | 2.943% | -0.039 |
| 29 July | 2.941% | -0.002 |
The Euribor continues above last year
Despite the slight drop recorded today, the Euribor remains clearly above the levels it marked a year ago.
This means that the variable mortgages that are reviewed taking the Euribor of July as a reference will likely continue to experience an increase in the payment compared to those who updated their loan with the index of July last year, although the impact will depend on the outstanding capital, the remaining term, and the differential agreed with the financial institution.