Business · Companies · 22 hrs ago
Several Spanish banks raise mortgage rates in October
Several Spanish banks raised rates on some mortgages in October, making some home loans more expensive.
The changes affect people in Spain who are considering taking out a mortgage in the coming weeks.
Rising Euribor and a 2.50% interest rate are shaping the market; the European Central Bank raised its rate to help control inflation.
ING raised rates on fixed and mixed mortgages, while Bankinter increased rates across its fixed, mixed and variable offers.
Kutxabank also raised its variable mortgage rate for a second month in a row, while Ibercaja led the fixed-rate ranking compiled by iAhorro.
Borrowers are advised to compare and negotiate, as mortgage terms can change from one month to the next.
ING, Bankinter and Kutxabank raised rates on some mortgage offers in October, according to a review by mortgage adviser iAhorro.
Bankinter increased rates across its fixed, mixed and variable mortgage products.
ING raised rates on its fixed and mixed mortgages, while Kutxabank raised its variable mortgage rate for the second month in a row.
The changes came as Spain’s mortgage market faced a rising Euribor and higher interest rates.
iAhorro said other major banks had kept their offers unchanged or made only slight changes.
- Who
- ING, Bankinter and Kutxabank raised rates on some mortgage offers.
- What
- The banks increased interest rates on fixed, mixed or variable mortgages.
- When
- October 2026.
- Where
- Spain.
- Why
- The articles link the changes to a rising Euribor and higher interest rates; they do not give a specific reason for each bank’s decision.
This story does not have two clearly opposing sides.
The mortgage market had been especially quiet, according to iAhorro’s spokesperson.
ING, Bankinter and Kutxabank raised rates on some mortgage offers.
- Banks raising rates
- ING, Bankinter and Kutxabank
- ING fixed mortgage
- TIN rose from 3.85% to 4%
- Bankinter fixed mortgage
- TIN rose from 3.20% to 3.50%
- Kutxabank variable mortgage
- First-year TIN rose from 2% in September to 2.07% in October
- Euribor
- Closed September at 3.247%
2 sources
What people are saying
Después de un verano especialmente tranquilo, octubre demuestra que el mercado hipotecario sigue siendo muy dinámico y que las condiciones pueden cambiar de un mes a otro. Por eso es tan importante comparar y negociar