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19. INTEREST RATES 19.1 (First Part) Legal Interest Rates, EURIBOR A) Legal Interest Rates and Other Interest Rates (A)

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19. INTEREST RATES 19.1 (First Part) Legal Interest Rates, EURIBOR A) Legal Interest Rates and Other Interest Rates (A) 19. INTEREST RATES 19.1 (First part) Legal interest rates, EURIBOR A) Legal interest rates and other interest rates (a) Percentages Mortgage market: official reference rates Other mortgage market reference Average rate Average rates (d) Euribor Interest Rate based on the on mortgage rate on IRR on (b) Euro short-term rate (€STR) loans for mortgage 5-year government house loans for Interest bonds with purchase, house. Rate residual over 3 years purchase Swap maturity credit 1-5 years, (IRS) of 2-6 12-months One One Three Six One One One Three Six One institutions credit years MIBOR week month months months year week month months months year in Spain institutions in the euro (e) area (c) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 18 M ... ... ... ... -0.173 ... ... ... ... ... 1.921 1.844 0.354 0.137 -0.173 19 M ... ... ... ... -0.215 ... ... ... ... ... 1.935 1.730 -0.137 -0.029 -0.215 20 M ... ... ... ... -0.303 ... ... ... ... ... 1.727 1.573 -0.345 -0.164 -0.303 20 Sep ... ... ... ... -0.415 ... ... ... ... ... 1.700 1.610 -0.418 -0.133 -0.415 Oct ... ... ... ... -0.466 ... ... ... ... ... 1.663 1.610 -0.459 -0.232 -0.466 Nov ... ... ... ... -0.481 ... ... ... ... ... 1.661 1.580 -0.460 -0.302 -0.481 Dec ... ... ... ... -0.497 ... ... ... ... ... 1.563 1.540 -0.469 -0.356 -0.497 21 Jan -0.568 -0.562 -0.547 -0.529 -0.505 ... ... ... ... ... 1.558 1.520 -0.449 -0.382 -0.505 Feb -0.566 -0.553 -0.541 -0.521 -0.501 ... ... ... ... ... 1.565 1.500 -0.376 -0.397 -0.501 Mar -0.565 -0.553 -0.539 -0.516 -0.487 ... ... ... ... ... 1.571 1.490 -0.332 -0.399 -0.487 Apr -0.564 -0.555 -0.538 -0.516 -0.484 ... ... ... ... ... 1.480 1.440 -0.306 -0.383 -0.484 May -0.565 -0.558 -0.540 -0.513 -0.481 -0.565 -0.565 -0.565 -0.563 -0.556 1.507 1.480 -0.245 -0.350 -0.481 Jun -0.567 -0.555 -0.543 -0.515 -0.484 -0.565 -0.564 -0.565 -0.564 -0.558 1.527 1.430 -0.265 -0.332 -0.484 Jul -0.566 -0.556 -0.545 -0.516 -0.491 -0.566 -0.566 -0.565 -0.564 -0.559 1.485 1.430 -0.317 -0.326 -0.491 Aug -0.571 -0.560 -0.548 -0.527 -0.498 -0.568 -0.568 -0.566 -0.565 -0.560 1.529 1.450 -0.370 -0.338 -0.498 Sep -0.570 -0.558 -0.545 -0.522 -0.492 -0.570 -0.569 -0.568 -0.566 -0.562 ... ... -0.266 ... -0.492 (a) Official mortgage market reference rates (Order EHA/2899/2011 and BE Circular 5/2012) are official as of their publication in the Spanish Official State Gazette (BOE from its initials in spanish). Until then, they are treated as provisional data, and as such they are reported in this table for information purposes only. (b) In order to coincide with the data published in the BOE, the columns of this table that contain series for the new Euribor maturities (one week, one month, three months, six months), included by Order ETD/699/2020, show observations from January 2021. The complete statistical series, with prior data, are available in Table 9.1 of the publication Economic Indicators and in Table 1.15 of the Statistical Bulletin. (c) This rate matches that compiled and published by the ECB with a lag of one month for the purposes of its use as a mortgage market reference rate. As laid down in Annex 8 of Banco de España Circular 5/2012, this index will not be corrected should the European Central Bank subsequently change the rate published. (d) To consult other reference rates that are no longer considered official mortgage market reference rates, see publications before January 2021. (e) This interest rate ceased to be considered an official mortgage market reference rate for mortgage loans arranged as from 1 January 2000. ___________________________________________________________________________________________________________________________ BANCO DE ESPAÑA / BOLETÍN ESTADÍSTICO 19. INTEREST RATES 19.1 (cont.) Legal interest rates, EURIBOR, A) Legal interest rates and other reference rates Percentages Indices or reference rates Legally established rates for the calculation of the market value in the offsetting of mortgage loan interest rate risk (f) Legal Judge- Tax Default Interest Rate Swap (IRS) inte- ment debt interest rest debt rate rate on rate rate rate on busi- one two three four five seven ten fifteen twenty thirty ness year years years years years years years years years years transac saction (h) Law 3/04 (g) 16 17 18 19 20 21 22 23 24 25 26 27 28 29 18 M 3.00 5.00 3.750 8.00 -0.301 -0.139 0.025 0.195 0.354 0.633 0.964 1.309 1.463 1.521 19 M 3.00 5.00 3.750 8.00 -0.394 -0.311 -0.268 -0.207 -0.137 0.021 0.263 0.564 0.713 0.773 20 M 3.00 5.00 3.750 8.00 -0.460 -0.405 -0.402 -0.384 -0.345 -0.269 -0.141 0.047 0.125 0.093 20 Sep 3.00 5.00 3.750 8.00 -0.512 -0.477 -0.468 -0.447 -0.418 -0.345 -0.213 -0.027 0.049 0.020 Oct 3.00 5.00 3.750 8.00 -0.535 -0.515 -0.508 -0.488 -0.459 -0.386 -0.255 -0.070 0.005 -0.026 Nov 3.00 5.00 3.750 8.00 -0.542 -0.525 -0.515 -0.492 -0.460 -0.381 -0.241 -0.046 0.035 0.012 Dec 3.00 5.00 3.750 8.00 -0.555 -0.530 -0.518 -0.498 -0.469 -0.396 -0.265 -0.080 0.000 -0.024 21 Jan 3.00 5.00 3.750 8.00 -0.558 -0.529 -0.511 -0.483 -0.449 -0.366 -0.225 -0.030 0.059 0.045 Feb 3.00 5.00 3.750 8.00 -0.549 -0.510 -0.479 -0.432 -0.376 -0.256 -0.073 0.160 0.269 0.283 Mar 3.00 5.00 3.750 8.00 -0.544 -0.494 -0.455 -0.399 -0.332 -0.186 0.026 0.286 0.404 0.422 Apr 3.00 5.00 3.750 8.00 -0.546 -0.494 -0.446 -0.380 -0.306 -0.149 0.074 0.342 0.463 0.479 May 3.00 5.00 3.750 8.00 -0.537 -0.470 -0.405 -0.327 -0.245 -0.079 0.147 0.412 0.530 0.542 Jun 3.00 5.00 3.750 8.00 -0.535 -0.467 -0.408 -0.339 -0.265 -0.111 0.104 0.365 0.479 0.484 Jul 3.00 5.00 3.750 8.00 -0.537 -0.472 -0.425 -0.373 -0.317 -0.191 0.001 0.251 0.359 0.350 Aug 3.00 5.00 3.750 8.00 -0.545 -0.496 -0.458 -0.416 -0.370 -0.266 -0.092 0.141 0.241 0.220 Sep 3.00 5.00 3.750 8.00 ... ... ... ... -0.266 ... ... ... ... ... (f) These reference rates (Order EHA/2899/2011 and BE Circular 5/2012) are disseminated exclusively for information purposes until its publication in the Spanish Official State Gazette. (g) The rate for February 2013 will be applicable until 23 February, and for the rest of the month the rate for March 2013 will apply, by virtue of the recent amendment to Law 3/04. (h) This rate, along with that in column 11, is used for calculating the spread to be applied in the event of early loan repayments. ___________________________________________________________________________________________________________________________ BANCO DE ESPAÑA / BOLETÍN ESTADÍSTICO 19. INTEREST RATES 19.1 (cont.) Legal interest rates, EURIBOR, A) Legal interest rates and other reference rates Date of publication Spanish Official State Gazette (BOE) Interest Interest Interest Interest rates rates rates rates cols. cols. col. cols. 1 to 10 11 and 12 14 20 to 29 13 and 15 30 31 32 33 20 Sep 2-10-20 20-10-20 2-10-20 6-10-20 Oct 4-11-20 19-11-20 4-11-20 5-11-20 Nov 2-12-20 18-12-20 2-12-20 4-12-20 Dec 5-01-21 20-01-21 5-01-21 9-01-21 21 Jan 2-02-21 18-02-21 2-02-21 10-02-21 Feb 2-03-21 18-03-21 2-03-21 9-03-21 Mar 6-04-21 20-04-21 6-04-21 15-04-21 Apr 5-05-21 20-05-21 5-05-21 6-05-21 May 2-06-21 18-06-21 3-06-21 5-06-21 Jun 2-07-21 20-07-21 3-07-21 12-07-21 Jul 3-08-21 19-08-21 4-08-21 4-08-21 Aug 2-09-21 18-09-21 3-09-21 6-09-21 Sep ... ... ... ... ___________________________________________________________________________________________________________________________ BANCO DE ESPAÑA / BOLETÍN ESTADÍSTICO.
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