Official mortgage market reference rates for January 2026 released
The Banco de España has released the official mortgage market reference rates for January 2026, including EURIBOR, MIBOR, IRS, and the €STR-based rate. These rates become official upon publication in the Spanish Official State Gazette.
Key Mortgage Rates for January
The Banco de España has officially published the key mortgage market reference rates for January 2026. These essential benchmarks include the EURIBOR, the MIBOR, the Interest Rate Swap (IRS), and the €STR-based official reference rate.
These rates are crucial for the Spanish mortgage sector, directly influencing variable-rate loan calculations for both financial institutions and consumers.
Their official status and legal enforceability are confirmed solely upon their formal publication in the Spanish Official State Gazette, a process designed to ensure full transparency and regulatory compliance across the market.
Detailed statistical information for these rates, along with their precise publication date in the Official Gazette—which also marks their effective date—is systematically presented within Table 19.1 of Chapter 19 of the Banco de España's comprehensive Statistical Bulletin.
This consistent and transparent data dissemination is a core function of the central bank, providing vital insights for market participants and supporting the overall stability and integrity of the housing finance system in Spain.
This ensures a robust and well-informed financial environment.
Broader Rate Publication Schedule
Beyond the primary mortgage reference rates, the Banco de España publishes other official rates.
The Internal Rate of Return (IRR) on government bonds (two to six-year maturities, secondary market) is released monthly once available from Sociedad de Bolsas.
Additionally, two average mortgage loan rates are updated around the 20th of each month in Table 19.1 of the Statistical Bulletin.
These cover unsubsidised house purchases (over three-year maturities by Spanish credit institutions) and house purchases (one to five-year maturities by euro area credit institutions).
This ensures broad market transparency.
Historically, on November 1, 2013, the Banco de España ceased publishing the savings banks' reference lending rate (CECA indicator) and specific average mortgage loan rates.
This change complied with Ministerial Order EHA 2899/2011, aiming to enhance transparency and customer protection in banking services.