Euribor-linked variable · Policy rate set by the European Central Bank
Interest-rate futures currently imply that the typical Euribor-linked variable in Letônia rises from 4,00% today to 4,56% by 2027-08, about 56 basis points higher. This is not a forecast: it is the mortgage rate consistent with what markets are already pricing for European Central Bank policy.
Dados em 2026-09-05. Derived from interest-rate futures pricing for the policy rate, plus this market's long-run mortgage spread, pass-through factor and transmission lag. Market pricing changes daily and has been wrong before. Not financial advice.
Latvia follows the Baltic pattern: variable-rate lending indexed to Euribor plus a bank margin, with fixed-rate products rare. The quoted mortgage rate moves nearly one-for-one with the ECB path, so the implied policy path below translates into household budgets with unusual directness.
The rate quoted above is the ECB's MFI new-business rate for loans for house purchase in Letônia, so it reflects what borrowers are actually signing today rather than the stock of existing loans.
The euro area has one policy rate and one futures curve. This table applies the euro-area composite's implied 12-month change to this member's current new-business rate; it does not model a separate national pass-through.
| Month | Implied ECB Deposit Rate | Projected Euribor-linked variable | Spread |
|---|---|---|---|
| 2026-10 | 2,47% | 4,04% | +1,57pp |
| 2026-10 | 2,47% | 4,07% | +1,60pp |
| 2026-11 | 2,55% | 4,11% | +1,56pp |
| 2026-12 | 2,68% | 4,17% | +1,49pp |
| 2027-01 | 2,68% | 4,22% | +1,53pp |
| 2027-02 | 2,75% | 4,27% | +1,52pp |
| 2027-03 | 2,86% | 4,33% | +1,48pp |
| 2027-04 | 2,86% | 4,38% | +1,53pp |
| 2027-05 | 2,92% | 4,43% | +1,52pp |
| 2027-06 | 2,96% | 4,48% | +1,52pp |
| 2027-07 | 2,98% | 4,53% | +1,55pp |
| 2027-08 | 2,98% | 4,56% | +1,58pp |
| Country | Typical Product | Mortgage Rate | Spread vs ECB |
|---|---|---|---|
| Eslováquia | Fixed-period mortgage (3-5 yr) | 4,30% | +2,05pp |
| Estônia | Euribor-linked variable | 4,20% | +1,95pp |
| Letônia | Euribor-linked variable | 4,00% | +1,75pp |
| Grécia | Fixed-period mortgage | 3,90% | +1,65pp |
| Lituânia | Euribor-linked variable | 3,90% | +1,65pp |
| Países Baixos | 10-30-Year fixed | 3,85% | +1,60pp |
| Chipre | Fixed-period mortgage | 3,85% | +1,60pp |
| Itália | 20-30-Year mutuo a tasso fisso | 3,75% | +1,50pp |
| Irlanda | 3-5-Year fixed | 3,75% | +1,50pp |
| Bélgica | 20-Year fixed | 3,70% | +1,45pp |
| Alemanha | 10-Year Festzinsbindung | 3,65% | +1,40pp |
| Áustria | 10-15-Year fixed | 3,60% | +1,35pp |
| Eslovênia | Fixed-rate mortgage | 3,60% | +1,35pp |
| Portugal | Mixed / fixed-period mortgage | 3,55% | +1,30pp |
| Croácia | Fixed-rate mortgage | 3,55% | +1,30pp |
| Luxemburgo | Fixed-rate mortgage | 3,55% | +1,30pp |
| França | 20-25-Year taux fixe | 3,45% | +1,20pp |
| Espanha | 15-30-Year hipoteca tipo fijo | 3,35% | +1,10pp |
| Finlândia | Euribor-linked variable | 3,35% | +1,10pp |
| Malta | Variable-rate mortgage | 3,30% | +1,05pp |