Spain mortgage rates hit 3.08%, highest since Jan 2025; volumes surge

Spanish mortgage rates rose to 3.08%, the highest since January 2025, while home-purchase loan volumes grew 2.3% to 33,841, the best August figure since 2022. The average loan amount also set a record, indicating sustained housing demand despite higher borrowing costs. This signals continued strength in Spanish housing and credit markets, with implications for domestic growth and inflation.

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