3-month Euribor
Daily Euribor fixings, monthly averages and what they mean for your mortgage.
3-month Euribor was fixed at 2.679 % on 4 September 2026, up +0.024 pp compared with the previous business day. The average for September so far is 2.647 %; one year earlier the rate stood at 2.183 %.
Euribor is the rate at which euro-area banks lend to each other for a fixed term, published every TARGET2 business day by the European Money Markets Institute. This site republishes the Bank of Finland's copy of the fixings with a 24-hour delay, which is why the newest date is usually yesterday's.
Variable-rate mortgages across Europe are priced as this fixing plus a fixed spread. When the fixing moves, the payment moves at the next revision date written in the loan contract, and the direction that matters to a borrower is simple: up.
Every number on this page is a published fixing, not an estimate: daily values come from the Bank of Finland's copy of the Euribor series, monthly averages are the arithmetic mean of those fixings and are cross-checked against the ECB Data Portal, and the tables are rebuilt each business day after the previous day's fixing appears. Tenors use the ACT/360 convention. Where a monthly average differs from the ECB figure by more than a hundredth of a point the methodology page lists the case.
Last 12 months
Source: Bank of Finland. Published with a 24-hour delay.
Last 30 fixings
| Date | Rate | Change |
|---|---|---|
| 2.679 % | +0.024 pp | |
| 2.655 % | +0.009 pp | |
| 2.646 % | +0.038 pp | |
| 2.608 % | +0.015 pp | |
| 2.593 % | +0.020 pp | |
| 2.573 % | +0.016 pp | |
| 2.557 % | +0.003 pp | |
| 2.554 % | +0.009 pp | |
| 2.545 % | +0.008 pp | |
| 2.537 % | +0.013 pp | |
| 2.524 % | +0.017 pp | |
| 2.507 % | +0.015 pp | |
| 2.492 % | -0.008 pp | |
| 2.500 % | -0.001 pp | |
| 2.501 % | -0.007 pp | |
| 2.508 % | -0.003 pp | |
| 2.511 % | +0.006 pp | |
| 2.505 % | +0.015 pp | |
| 2.490 % | +0.015 pp | |
| 2.475 % | +0.001 pp | |
| 2.474 % | -0.003 pp | |
| 2.477 % | -0.017 pp | |
| 2.494 % | -0.004 pp | |
| 2.498 % | +0.037 pp | |
| 2.461 % | -0.023 pp | |
| 2.484 % | +0.012 pp | |
| 2.472 % | +0.013 pp | |
| 2.459 % | +0.014 pp | |
| 2.445 % | -0.009 pp | |
| 2.454 % | -0.034 pp | |
| 2.488 % | – |
Source: Bank of Finland. Published with a 24-hour delay.
Monthly averages, last 24 months
| Month | Average | Low | High | First | Last | Days | ECB avg |
|---|---|---|---|---|---|---|---|
| September 2026 * | 2.647 % | 2.608 % | 2.679 % | 2.608 % | 2.679 % | 4 | – |
| August 2026 | 2.513 % | 2.461 % | 2.593 % | 2.461 % | 2.593 % | 21 | 2.513 % |
| July 2026 | 2.425 % | 2.312 % | 2.493 % | 2.312 % | 2.484 % | 23 | 2.425 % |
| June 2026 | 2.339 % | 2.245 % | 2.417 % | 2.245 % | 2.324 % | 22 | 2.339 % |
| May 2026 | 2.225 % | 2.181 % | 2.283 % | 2.200 % | 2.268 % | 19 | 2.226 % |
| April 2026 | 2.175 % | 2.075 % | 2.243 % | 2.075 % | 2.199 % | 20 | 2.175 % |
| April 2025 * | 2.291 % | 2.183 % | 2.362 % | 2.324 % | 2.183 % | 13 | 2.249 % |
| March 2025 | 2.442 % | 2.328 % | 2.553 % | 2.464 % | 2.336 % | 21 | 2.442 % |
| February 2025 | 2.525 % | 2.464 % | 2.562 % | 2.562 % | 2.464 % | 20 | 2.525 % |
| January 2025 | 2.704 % | 2.589 % | 2.789 % | 2.736 % | 2.589 % | 22 | 2.704 % |
| December 2024 | 2.825 % | 2.678 % | 2.924 % | 2.924 % | 2.714 % | 20 | 2.825 % |
| November 2024 | 3.007 % | 2.898 % | 3.085 % | 3.085 % | 2.934 % | 21 | 3.007 % |
| October 2024 | 3.167 % | 3.052 % | 3.268 % | 3.252 % | 3.062 % | 23 | 3.167 % |
| September 2024 | 3.434 % | 3.279 % | 3.488 % | 3.469 % | 3.279 % | 21 | 3.434 % |
| August 2024 | 3.548 % | 3.490 % | 3.638 % | 3.638 % | 3.490 % | 22 | 3.548 % |
| July 2024 | 3.685 % | 3.631 % | 3.714 % | 3.709 % | 3.647 % | 23 | 3.685 % |
| June 2024 | 3.725 % | 3.682 % | 3.782 % | 3.782 % | 3.711 % | 20 | 3.725 % |
| May 2024 | 3.813 % | 3.785 % | 3.853 % | 3.825 % | 3.785 % | 23 | 3.813 % |
| April 2024 | 3.886 % | 3.825 % | 3.923 % | 3.892 % | 3.825 % | 22 | 3.885 % |
| March 2024 | 3.922 % | 3.886 % | 3.942 % | 3.938 % | 3.892 % | 21 | 3.923 % |
| February 2024 | 3.923 % | 3.884 % | 3.952 % | 3.884 % | 3.937 % | 21 | 3.923 % |
| January 2024 | 3.925 % | 3.887 % | 3.970 % | 3.909 % | 3.905 % | 23 | 3.925 % |
| December 2023 | 3.935 % | 3.893 % | 3.969 % | 3.960 % | 3.909 % | 19 | 3.935 % |
| November 2023 | 3.972 % | 3.935 % | 4.002 % | 3.953 % | 3.964 % | 22 | 3.972 % |
Source: Bank of Finland (daily fixings), ECB Data Portal (monthly averages). Published with a 24-hour delay. (*: n of about N business days so far)
Yearly averages
| Year | Average | Low | High | First | Last |
|---|---|---|---|---|---|
| 2026 | 2.352 % | 2.075 % | 2.679 % | 2.075 % | 2.679 % |
| 2025 | 2.514 % | 2.183 % | 2.789 % | 2.736 % | 2.183 % |
| 2024 | 3.577 % | 2.678 % | 3.970 % | 3.909 % | 2.714 % |
| 2023 | 3.433 % | 2.162 % | 4.002 % | 2.162 % | 3.909 % |
| 2022 | 0.362 % | -0.576 % | 2.202 % | -0.570 % | 2.132 % |
| 2021 | -0.549 % | -0.605 % | -0.529 % | -0.545 % | -0.573 % |
| 2020 | -0.427 % | -0.546 % | -0.161 % | -0.379 % | -0.545 % |
| 2019 | -0.357 % | -0.448 % | -0.306 % | -0.310 % | -0.383 % |
| 2018 | -0.322 % | -0.329 % | -0.309 % | -0.329 % | -0.309 % |
| 2017 | -0.329 % | -0.332 % | -0.318 % | -0.318 % | -0.329 % |
| 2016 | -0.264 % | -0.319 % | -0.131 % | -0.131 % | -0.319 % |
| 2015 | -0.020 % | -0.133 % | 0.076 % | 0.076 % | -0.131 % |
| 2014 | 0.209 % | 0.078 % | 0.347 % | 0.287 % | 0.078 % |
| 2013 | 0.221 % | 0.187 % | 0.298 % | 0.187 % | 0.287 % |
| 2012 | 0.571 % | 0.181 % | 1.343 % | 1.343 % | 0.187 % |
| 2011 | 1.393 % | 0.995 % | 1.615 % | 1.001 % | 1.356 % |
| 2010 | 0.813 % | 0.634 % | 1.050 % | 0.700 % | 1.006 % |
| 2009 | 1.218 % | 0.700 % | 2.859 % | 2.859 % | 0.700 % |
| 2008 | 4.644 % | 2.892 % | 5.393 % | 4.665 % | 2.892 % |
| 2007 | 4.277 % | 3.725 % | 4.953 % | 3.725 % | 4.684 % |
| 2006 | 3.083 % | 2.488 % | 3.725 % | 2.488 % | 3.725 % |
Source: Bank of Finland (daily fixings), ECB Data Portal (monthly averages). Published with a 24-hour delay.
Understanding this rate
Who uses the 3-month rate
The 3-month Euribor is the workhorse of euro-area lending. It is the reference for a large share of variable-rate mortgages in Italy, for variable loans in Germany and Austria, for a share of Portuguese home loans, and for most floating-rate corporate credit, bonds and interest-rate swaps. For an Austrian household with a variabler Kredit or an Italian family with a mutuo variabile, this is the number that sets the rata or the instalment four times a year.
How it relates to ECB policy
Three months is long enough to contain one or two of the ECB's eight annual monetary-policy meetings. The fixing therefore reflects not only the current deposit facility rate but the market's expectation of what those meetings will decide. When a change is widely expected, the 3-month rate adjusts gradually in the weeks beforehand; when a decision surprises the market, it jumps on the day. Between decisions it drifts with expectations rather than sitting still, which is the main practical difference from the 1-week and 1-month rates.
How a revision works with it
The common convention is a quarterly reset: the bank reads the 3-month Euribor as the contract specifies, on a set date or as the average of a named month, adds the spread and applies the total to the outstanding balance for the coming three months. Italian contracts frequently specify the monthly average of the 3-month rate and may refresh it every month, so an Italian borrower can see the reference change on the statement more often than once a quarter even though the underlying maturity is three months. German and Austrian contracts commonly state a Zinsanpassung every quarter.
The bank's notice or statement shows the reference actually applied; Il Sole 24 Ore prints the daily fixings for Italian borrowers who wish to check.
What to compare it with
Compare the 3-month rate with the 1-month rate to see how much the market expects to happen within the coming quarter, and with the 6-month and 12-month rates to see the expectation for the rest of the year. On 4 September 2026 the fixings were 2.364 %, 2.679 %, 2.794 % and 3.108 % from one to twelve months. A borrower on the 3-month rate pays roughly the average of the next quarter's expected policy; a borrower on the 12-month rate pays roughly the average of the next year's, plus a larger term premium. The month pages on this site give the monthly averages of the 3-month rate for the last five years, which is the figure Italian contracts most often use.
A worked example
Take an Italian mutuo with 180,000 euros outstanding, twenty years remaining, and a rate of 3-month Euribor plus a spread of 1.10 percentage points, revised quarterly on the daily fixing. Using the fixing of 4 September 2026, 2.679 %, the rate for the coming quarter is 2.679 % plus 1.10 points. The bank applies that rate to 180,000 euros over twenty years with the annuity formula to obtain the rata for the next three months. At the following revision it repeats the calculation with the new fixing and the reduced balance. Each tenth of a point of movement in the reference changes the interest component by about 15 euros a month on that balance.
What to check in your contract
Whether the reference is the daily fixing or the monthly average, and of which month; the revision date and frequency; the spread; and any floor on the reference, which some contracts include and which means a negative fixing is treated as zero. With those items you can reproduce the bank's rata with the calculator on this site.
What does it mean for a mortgage?
What does it mean for a mortgage?
Annuity formula; assumes the rate applies for the whole remaining term. Your bank may round or use a different convention.
Frequently asked questions
What is the 3-month Euribor today?
On 4 September 2026 the 3-month Euribor was fixed at 2.679 %. Fixings are published each TARGET2 business day; this site shows them with a 24-hour delay.
Is the 3-month Euribor going up or down?
Against the previous fixing it moved up +0.024 pp; over one year it went from 2.183 % to 2.679 %. The monthly average so far is 2.647 %.
Which mortgages use the 3-month Euribor?
Contracts choose one maturity as their reference; the 12-month rate dominates in Spain, Portugal and Finland, the 3-month rate in Italy and Austria, the 1-month rate in the Netherlands. The reference is fixed plus the spread agreed with the bank.
Where does the data come from?
Daily fixings from the Bank of Finland's published series, monthly averages cross-checked against the ECB Data Portal. Nothing is fetched from EMMI directly.
Which mortgages use 3-month Euribor?
Italian mutui a tasso variabile commonly use 3-month Euribor plus a spread, as do variable loans in Germany and Austria with a quarterly reset, and a share of Portuguese crédito à habitação with a three-monthly indexante. It is also the most common reference for corporate loans across the euro area. Its fixing on {date} was {rate_month_3}.
How often does a 3-month Euribor mortgage change?
Commonly every three months, although Italian contracts often use a monthly average and may refresh it monthly. The bank reads the reference the contract specifies, adds the spread and applies the result for the next period. Four revisions a year is the usual rhythm.
Why does 3-month Euribor move before an ECB meeting?
Because a three-month loan taken out today spans at least one monetary-policy meeting, so its price includes what the market expects that meeting to decide. The rate therefore tends to move in the weeks before a widely expected decision and to show little reaction on the day itself.