Overview
- The benchmark closed October at 2.187%, its third consecutive monthly increase and roughly 0.016 points above September, with eight daily readings exceeding 2.2%.
- Borrowers with semiannual resets face the first uptick in nearly two years, with typical monthly payments rising about €5.91 on a €150,000 loan and €11.82 on €300,000 under standard terms.
- Many annual reviews still fall because last October’s level was 2.691%, yielding sample savings of about €40.90 and €81.80 a month on €150,000 and €300,000 mortgages.
- The ECB kept its deposit rate at 2% for a fourth month, and analysts expect the index to hover around 2.2% until potential policy cuts begin in early 2026.
- Fixed-rate borrowing continues to cushion households, as roughly 60% of new mortgages are fixed and the average fixed rate has eased to about 2.85%.