Six-month Euribor climbs to 2.794%
The six-month Euribor rate, to which most Estonian home loans are pegged, rose to 2.794% by the end of last week — its highest level since early November 2024. The increase means higher costs for households with mortgages.
The six-month Euribor, the European interbank offered rate underpinning most mortgage loans in Estonia, climbed to 2.794% by the end of last week. This is the highest level the rate has reached since early November 2024.
Compared with previous years
The rate's recent peak came in mid-October 2023, when it exceeded 4%. The all-time high for the six-month Euribor was recorded in the winter of 2008, at nearly 5.5%.
Effect on households
Because most mortgage loans in Estonia are tied to the six-month Euribor, changes in the rate directly affect household spending. The average home loan in Estonia is around 100,000 euros, with a repayment term of 20 to 30 years, meaning even a modest rate increase can noticeably raise monthly payments for many families.
