Euribor|The one-year euribor was quoted at 3.095 percent on Tuesday.
Finland the most common mortgage reference rate, the 12-month euribor, fell on Tuesday to its lowest level since December 2022. The rate fell to 3.095 percent.
At the same time, shorter market interest rates also contracted. The six-month euribor fell to 3.385% and the three-month euribor to 3.515% on Tuesday.
About 30 percent of Finnish housing associations have a mortgage.
A year euribor has fallen very quickly in August. The interest rate has fallen by almost 0.3 percentage points since the end of July. Interest rates have fallen by more than 0.6 percentage points since the end of May, and by almost a percentage point from a year ago.
This means that, for example, in housing loans that are revised annually, after the current interest rate revisions, the borrowers will already have clearly more money left to use each month than during the current year.
In the market, interest rates are expected to continue to fall. Based on interest rate derivatives, the market expects the 12-month Euribor to fall to around 2.3 percent by the end of August 2025. Market expectations are not a guarantee of the future, but a kind of “enlightened assessment” of interest rate developments.
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