The European Interbank Offered Rate (Euribor) for six months, to which most housing loans in Estonia are tied, stood at 3.865% as of April 12. A week earlier, it was at 3.834%.

At the peak of 2023, in mid-October, this rate exceeded 4.1%. The highest value of Euribor in history was recorded in winter 2008, when it reached almost 5.5%. Before the previous economic crisis, the typical range of Euribor fluctuated between 2% and 5%.

This indicator is significant for residents of Estonia, as most housing loans in the country are linked to it. An increase in Euribor automatically increases monthly loan payments.

The average size of a housing loan in Estonia over the past few years has been €100,000, with loan terms typically ranging from 20 to 30 years. An increase of one percentage point in the six-month Euribor translates to an average increase of €55-60 in monthly loan payments.

Euribor (European Interbank Offered Rate) is the common European interbank interest rate at which European banks can lend to each other.