The Euribor is already the level of 2%. He Mortgage index continues with its downward trend and in May it is 2.08%which is its lowest level since August 2022. At the gates of what is expected to be a new cut of interest rates by the European Central Bank (ECB) And in the midst of uncertainty for US tariffs, the unknown now is whether the EURIVOR It will go down much more. It should be remembered that the index entered negative in 2016 and there it remained until it went positive in April 2022. Since then, the Euribor has maintained a clear downward trendalthough it has had some small rebound like January 2025. Specifically, after nine consecutive monthly falls, the index began the year rising and placing 2,525%. After this little scare for the mortgages, the index fell in February to 2,407%. In March, uncertainty froze the Euribor, which stood at 2.4%, while in April it was placed at 2,143%. A year ago, in May 2024, the mortgage index closed at a level much higher than that now, 3.68% «the descent of the Euribor was expected, since The forecasts suggest that the ECB will announce a type cut at its next June 5 meeting«, says HelpmyCash Mortgage Analyst, Miquel Riera, who adds that» if the markets foresee that the ECB will cut, the index quotes downward in the months prior to the date of the meeting of its Governing Council, which is the trend that has followed since the beginning of the year. On the other hand, if they believe that increases will occur, the Euribor goes up. » Although the Euribor has suffered slight rebounds in its daily price during May, the indicator remains clearly oriented, reflecting that The market discounts at least a decrease in types On that date, more an additional one that could arrive in the second semester of the year, «says, Kelisto.es, Estefanía González. In addition, the evolution of the Euribor also responds to the growing uncertainty in the international panorama, the European economic slowdown, the deterioration of consumption and moderation of inflation. However, the doubt that arises is whether the mortgage index is much more way to leave or not. The Euribor does not experience major changes in June and that Close the first semester with a value of between 1.9% and 2.2%. «For the following months, increases are expected, but The unknown is whether the index will fall much more or not«In that sense, from the comparator they explain that their evolution will depend, to a large extent, on how negotiations between the European Union (EU) and the US over tariffs.» If both administrations reach an agreement, it is likely that the ECB keep the path scheduled Before the US president, Donald Trump, initiated the commercial war: that there is one more cut of types before the end of the year and that the Euribor store very slightly down. However, if the negotiations fail, the ECB could be forced to cut their interests more times so that the European economy is not harmed, which would sink the value of the index, «they comment. If the type cuts are confirmed, in Kelisto they estimate that the Euribor could close 2025 below 2% or even 1.8%.
