Household bills could drop by up to 137 euros in June.

Euribor rates fall in May.

In May, the averages of the Euribor rates decreased in the three main terms.

• Euribor at 3 months: Decreased by 0.162 percentage points, standing at 2.087%;  

• Six-month Euribor: Fell by 0.086 percentage points, standing at 2.116%;

• Euribor at 12 months: Dropped 0.062 percentage points, reaching 2.081%.  

Remarkably, the 3-month Euribor fell below 2% in the last business days of May, for the first time since December 2022.

Impact of the fall in mortgage loan installments.

Considering a credit of 150 thousand euros, with a spread of 1% and a term of 30 years, the new installments starting in June will be:

• Indexed to 3-month Euribor: 

New installment: 639.47 euros

Reduction: 36.19 euros

Quarterly savings: 108.57 euros

• Indexed to 6-month Euribor:  

New installment: 641.83 euros

Reduction: 56.08 euros

Semiannual savings: 336.48 euros

• Indexed to 12-month Euribor:  

New installment: 638.98 euros

Reduction: 137.17 euros

Annual savings: 1,646.04 euros

These reductions reflect the trend of decreasing Euribor rates, providing relief in the monthly payments of housing credits.  

Therefore, the decrease in Euribor rates results in significant savings for those with housing loans indexed to these rates.  

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