Middle East Conflict Also Reflected in Mortgages – 12-month Euribor Rose to its Highest Since Last Spring

The ongoing conflict in the Middle East is also having an impact on mortgages, with the 12-month Euribor reaching its highest level since last spring. This rise in Euribor, a benchmark interest rate for interbank lending in the euro zone, can lead to increased borrowing costs for consumers, affecting mortgage payments and potentially dampening demand in the housing market.