Euribor Rate Today, May 11, 2026: Mortgage Holders Face Growing Concerns
The Euribor, or Euro Interbank Offered Rate, is the benchmark interest rate used by European banks for interbank loans and serves as the primary reference for variable‑rate mortgages. When the Euribor rises, monthly mortgage payments increase; when it falls, they decrease.
After years of rapid increases, the index saw some relief in 2025. Last year, the Euribor exceeded 4%, significantly raising costs for many homeowners. By October 2025, however, it had dropped to around 2.19%, offering a breather to mortgage holders. This gradual decline brought stability, with monthly payments leveling off and, in some cases, starting to shrink.
As of today, May 11, 2026, the Euribor has risen by 0.07 percentage points, reaching 2.778%. The average rate for May so far sits at 2.811%, slightly up from the previous month’s average of 2.747%.
Meanwhile, the share of home purchases made without a mortgage has grown notably. According to Spain’s National Statistics Institute (INE), around 34.5% of home sales in the first quarter of 2025 were completed without financing—a sharp increase since the European Central Bank began raising rates in 2022.
